Ooh!Media

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Open vs Close

Score

1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 99 4.2 0.49% 0.80% 2.2% -1.1% 35.5%
SHORT 100 5.1 0.46% 0.78% 2.7% -1.5% 36.9%

Summary

Technical Analysis

Ooh!Media (OML.AX)


Indicator:

OPEN CLOSE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $4.06
Signal Strength: MEDIUM
Recommendation:

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.


Ooh!Media (ASX:OML) opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 9.7%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 20%.



The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;


PROFILE: Ooh!Media (OML.AX)


Stock Exchange: ASX
Company: Ooh!Media
Ticker Codes: | OML.AX | ASX:OML |

About Ooh!Media (ASX:OML):

oOh!media Limited operates as an out of home media company in Australia and New Zealand. It provides advertisers with access to various audiences across its national portfolio of Out Of Home advertising spaces, including large format roadside billboards; large and small format sites located in shopping centers; sites in airport terminals and airline lounges; and sites in environments, such as CBD office buildings, cafÚs, bars and venues, universities, gyms, and sports centers. oOh!media Limited was founded in 1989 and is based in North Sydney, Australia.

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