|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Cooper Energy (COE.AX)
Trading: HOLD @ $0.62
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Cooper Energy (ASX:COE) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for COE adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 6.0 & the greatest daily positive change this year has been 8.7. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 13.5%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 11%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 1.100000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Cooper Energy (COE.AX)
Stock Exchange: ASX
Company: Cooper Energy
Ticker Codes: | COE.AX | ASX:COE |
Cooper Energy Limited, a petroleum exploration and production company, finds, develops, and sells oil and gas properties. The company holds interests in petroleum exploration and production tenements in the Cooper, Otway, and Gippsland basins in Australia. As of June 30, 2017, it had proved and probable reserves of approximately 11.7 million barrels of oil equivalent. Cooper Energy Limited is headquartered in Adelaide, Australia.
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