Oil Search (OSH.AX)
ELDERS FORCE INDEX
Trading: SELL @ $8
Signal Strength: MEDIUM
Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.
Oil Search (ASX:OSH) current price has highlighted recent selling pressure. Currently, the Elders Force Index is -75484.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
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.
Elder's Force IndexDownload
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|GTN GTN Resources||1.34||4.3||16,372||-214||BEARISH|
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