|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Oil Search (OSH.AX)
Trading: SELL @ $7.19
Signal Strength: MEDIUM
Oil Search (ASX:OSH) currently has negative momentum of -0.13 This means the current price is less than the price 14 days ago and therefore losing momentum.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Momentum measures the rate of change in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity. High Momentum readings (positive or negative) occur when a trend is at its strongest. Lower readings are found at the start and end of trends. Overbought and oversold levels are set separately for each security based on the performance of the indicator over past cycles.
Calculation: Momentum Oscillator (MOM):
1) Closing Price [today] - Closing Price [n days ago];
PROFILE: Oil Search (OSH.AX)
Stock Exchange: ASX
Company: Oil Search
Ticker Codes: | OSH.AX | 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.
|EOS Electro Optic Systems Holdings||7.23||8.2||392,340||-0.52||BEARISH|
|BVS Bravura Solutions||4.03||7.2||3,476,269||-0.11||BEARISH|
|GNG GR Engineering Services||0.82||7.2||8,204||-0.06||BEARISH|
|VRT Virtus Health||4.41||5.5||447,549||-0.04||BEARISH|
|CDV Cardinal Resources||0.4||5.3||352,093||-0.03||BEARISH|
|FBR Fastbrick Robotics||0.06||5||1,145,523||0||BEARISH|
|BSA Broadcast Services Australia||0.43||4.9||182,669||-0.01||BEARISH|
|LNG Liquefied Natural Gas||0.23||4.7||311,683||-0.03||BEARISH|