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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Donchian Channels

Score

-0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 31 12.9 0.32% 0.45% 3.0% -1.9% -11.0%
SHORT 30 11.3 0.20% 0.25% 6.0% -1.9% -8.5%

Summary

Technical Analysis

Oil Search (OSH.AX)


Indicator:

DONCHIAN CHANNELS


Last Signal:

BEARISH


Trading: SELL @ $5.68
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Oil Search (ASX:OSH) is currently bearish highlighting the potential for a short term trend continuation in the downward direction.



The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


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.

Top 10:

Donchian Channels

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.06 14 224,969 -8.82 BEARISH
MWY Midway 1.57 9.4 91,626 -19.32 BEARISH
DNK Danakali 0.57 8.7 180,001 -5 BEARISH
BEE Broo 0.01 8.3 583,427 -33.33 BEARISH
MNS Milnes Holdings 0.08 7.1 959,142 -37.84 BEARISH
ALK Alkane Exploration 0.91 6.5 4,762,492 -8.62 BEARISH
ABC Adelaide Brighton 3.06 6.3 4,642,840 -26.7 BEARISH
RFG Retail Food 0.1 5.4 3,748,600 -10 BEARISH
FDV Frontier Digital Ventures 1 5.3 159,343 -26.67 BEARISH
LYC Lynas Corporation 2 5 8,370,794 -26.14 BEARISH