Technical analysis from Oil Search (OSH.AX.AX, ASX:OSH.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Oil Search
+ Share

Negative VROC: Price is lower for Oil Search than 14 days ago
Volume Rate of Change /
Negative VROC: Price is lower for Oil Search than 14 days ago

[BEARISH]: Oil Search currently has negative rate of change of -3%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.5%.

[Downtrend]: Recent trading for OSH confirms bearish SWMA(5) signal
Sine Weighted Moving Average /
[Downtrend]: Recent trading for OSH confirms bearish SWMA(5) signal

OSH: SWMA Recent Trading -> (1) 11 Jan: 7.986 (2) 11 Jan: 18.716 (3) 11 Jan: 9.630

Close Tod Vs Close Yest /
Daily trading performance for OSH has continued a short term downtrend

[BEARISH]: Oil Searchsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for OSH adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.5 & the greatest daily negative change this year has been -1.5. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -6.1%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -0.8%

Pivot Points /
Oil Search: Pivot Point ($7.883)

Oil Search current pivot point is: 7.883. The current resistance levels are: (R1) $7.936: (R2) $8.023: (R3) $8.076: The current support levels are: (S1) $7.796: (S2) $7.743: (S3) $7.656

Simple Moving Average /
Oil Search is in a short term downtrend with the resistance price @$7.974

[BULLISH]: Oil Search currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.5%.

Williams %R /
Oil Search is no longer overbought [Neutral]

OSH: William %R Recent Trading -> (1) 11 Jan: -38.9 (2) 11 Jan: -5.1 (3) 11 Jan: -26.6

Top companies for
Australian Stock Exchange
Advertisment
Range Tod Vs Range Yest /
Sellers have decreased eagerness for OSH reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Oil Searchsellers are becoming less eager. There has been 2 consecutive days of range increase for OSH reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.42 & the greatest daily price range this year has been $0.42. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 1x.

Recent trading for Oil Search fell short of the previous high by -2 %
High Price /
Recent trading for Oil Search fell short of the previous high by -2 %

[BEARISH]: Oil Search current downtrend in the first timeframe. Currently, the HIGH is -2 %.

Oil Search: Close versus price range (14.3%.)
Close Tod Vs Range Tod /
Oil Search: Close versus price range (14.3%.)

[BEARISH]: Oil Search sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Oil Search adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 83 trading days with the closing price in the lower part of the range giving a confirmation ratio of 31.8%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Closing Price /
Close for OSH has not surpassed the close of the previous trading session

[BEARISH]: Oil Search current downtrend in the first timeframe. Currently, the Close is $7.85.

Percentage Price /
Signal line is still above the EMA for Oil Search producing positive momentum

OSH: PPO Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Triangular Moving Average /
[Downtrend]: Recent trading for OSH confirms bearish TMA(5) signal

[BEARISH]: Oil Search currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.5%.

Oil Search is in a short term downtrend with the resistance price @$7.93189
Exponential Moving Average /
Oil Search is in a short term downtrend with the resistance price @$7.93189

OSH: EMA(5) Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Third timeframe trend of Oil Search remains as an Uptrend
Long Trend /
Third timeframe trend of Oil Search remains as an Uptrend

[BULLISH]: Oil Search is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 85. The highest rally for the month is 8

Daily Volume Index /
Oil Search: Confirmation of stock accumulation initiated

[BULLISH CROSSOVER]: Oil Search current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Oil Search

[BULLISH]: Oil Search current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 7.2105.

Momentum /
Oil Search has initiated a negative momentum of -0.21

[BEARISH CROSSOVER]: Oil Search currently has negative momentum of -0.21 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.5%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%%.

Aroon oscillator for Oil Search has signalled a strong uptrend is active
Aroon Oscillator /
Aroon oscillator for Oil Search has signalled a strong uptrend is active

[BULLISH]: Oil Search has a current ARO(25) of 84. This has change -12 points from yesterday.

Oil Search: Elder Ray Index is 0.125 [Bullish]
Elder Ray Index /
Oil Search: Elder Ray Index is 0.125 [Bullish]

[BEARISH]: Oil SearchElder Ray Index is signalling a Bearish movementERI is -0.015 indicating bear power. Prices are being driven below the consensus of value for OSH during the last trading session [Selling Pressure]

The MFI for Oil Search has returned to stable trading conditions
Money Flow Index /
The MFI for Oil Search has returned to stable trading conditions

[NEUTRAL]: Oil Search current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 78.72. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 78.72.

Elders Force Index /
Oil Search: Elders Force Index (-383319)

OSH: Elders Force Index Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Low Price /
Oil Search: Daily low performance (-1.4 %)

[BULLISH]: Oil Search current downtrend in the first timeframe. Currently, the Low is $7.83 (-1.4 %).

Medium Trend /
Oil Search has maintained the 2nd timeframe trend [Uptrend]

OSH: Medium Term Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Accumulation / Distribution /
Accumulation still active for Oil Search

[BULLISH]: Oil Search current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Oil Search: Sellers have taken control.
Open Tod Vs Close Tod /
Oil Search: Sellers have taken control.

[BEARISH]: Oil Search opened in the middle part of daily range at 64.3% & closed in the lower part of the trading range at 14.3%. This suggests the sellers have taken control. Over the last 12 months there has been 22 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 8.4%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 37.5%.

Oil Search currently has positive rate of change for 4.947
Rate of Change /
Oil Search currently has positive rate of change for 4.947

OSH: ROC Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Camarilla Pivot Points /
Oil Search: Look for a short limit order entry @$7.193

Oil Search has broken the first Camarilla support point ($7.193) [Bearish]. Look for a short limit order entry near this point. Exit price for OSH should be set @$6.536 & short position stoploss for Oil Search should be set between $9.164 & $9.821

See More   See more results
Advertisment
Advertisment
back to top