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%

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Trading Performance

MACD

Score

0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 21.1 0.67% 2.00% 7.2% -5.4% 53.5%
SHORT 17 20.5 0.18% 0.21% 10.1% -4.4% -31.8%

Summary

Technical Analysis

Santos (STO.AX)


Indicator:

MACD


Last Signal:

BULLISH


Trading: HOLD @ $6.98
Signal Strength: STRONG
Recommendation:

Santos (ASX:STO) currently has positive MACD of 0.0097. Currently the signal line is greater than the MACD line signalling a bullish movement.

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


Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;


PROFILE: Santos (STO.AX)


Stock Exchange: ASX
Company: Santos
Ticker Codes: | STO.AX | ASX:STO |

About Santos (ASX:STO):

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes, businesses, and major industries in Australia and Asia. The company produces natural gas, such as liquefied petroleum gas, ethane, methane, coal seam gas, liquefied natural gas, shale gas, and condensate, as well as oil. Its proved plus probable petroleum reserves include 848 million barrels of oil equivalent. The company was founded in 1954 and is headquartered in Adelaide, Australia.

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