Oil Search

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Range Change



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 94 5.3 0.37% 0.57% 1.8% -1.5% -26.2%
SHORT 95 4.3 0.39% 0.61% 2.1% -1.6% -18.1%


Technical Analysis

Oil Search (OSH.AX)



Last Signal:


Trading: BUY @ $7.19
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.

Oil Search (ASX:OSH) sellers are becoming less eager. This is the first day sellers have decreased eagerness for OSH reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.4300 & the greatest daily price range this year has been $2.1600. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.2x.

The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;

PROFILE: Oil Search (OSH.AX)

Stock Exchange: ASX
Company: Oil Search
Ticker Codes: | OSH.AX | ASX:OSH |

About Oil Search (ASX:OSH):

Oil Search Limited explores for, develops, and produces oil and gas properties primarily in Papua New Guinea. The company operates through PNG Business Unit, Exploration, and Other segments. It is involved in the development, production, and sale of liquefied natural gas, crude oil, natural gas, condensate, naphtha, and other refined products; and power generation activities. As of December 31, 2017, the company's proved and probable reserves, and contingent resources comprised 125.8 million barrels of oil and condensate; and 6,341 billion cubic feet of gas. Oil Search Limited was founded in 1929 and is based in Port Moresby, Papua New Guinea.

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