|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)
PRICE RANGE CHANGE
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) buyers are in control at the market close. This is the first day of buyer commitment for Oil Search adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 21.4%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 3 days in the lower range giving a ratio of 1x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
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.
|BOC Bougainville Copper||0.12||20||116,647||1||BULLISH CROSSOVER|
|OPT Opthea||3.58||7.5||405,885||1||BULLISH CROSSOVER|
|BVS Bravura Solutions||4.03||7.2||3,476,269||1||BULLISH CROSSOVER|
|MLX Metals X||0.19||5.7||27,399,163||1||BULLISH CROSSOVER|
|TBR Tribune Resources||8.48||5.7||39,305||1||BULLISH CROSSOVER|
|VRT Virtus Health||4.41||5.5||447,549||1||BULLISH CROSSOVER|
|CDV Cardinal Resources||0.4||5.3||352,093||1||BULLISH CROSSOVER|
|BSA Broadcast Services Australia||0.43||4.9||182,669||1||BULLISH CROSSOVER|
|LNG Liquefied Natural Gas||0.23||4.7||311,683||1||BULLISH CROSSOVER|
|AYS Amaysim Australia||0.35||4.5||389,809||1||BULLISH CROSSOVER|