Trading indicator
On Balance VolumeBacktest 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
On Balance Volume
Score
0.25
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| SHORT | 15 | 16.8 | 0.27% | 0.36% | 5.0% | -3.2% | -14.8% |
| LONG | 15 | 34.3 | 0.40% | 0.67% | 14.5% | -3.4% | 56.5% |
Summary
Technical Analysis
Santos (STO.AX)
Indicator:
ON BALANCE VOLUME
Last Signal:
BEARISH
Trading: SELL @ $6.59
Signal Strength: MEDIUM
Recommendation:
Santos (ASX:STO) current price has highlighted recent distribution. Currently, the OBV is -1.87927e+006.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.
Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)
PROFILE: Santos (STO.AX)
Stock Exchange: ASX
Company: Santos
Ticker Codes: | STO.AX | 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.
Top 10:
On Balance Volume
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CCP Credit Corp | 27.27 | 13.3 | 452,171 | 70,728.5 | BULLISH |
| AFL ASX 50 | 0.2 | 11.1 | 4,347 | 6,223.6 | BULLISH |
| BSA Broadcast Services Australia | 0.34 | 7.9 | 824,051 | 21,911.7 | BULLISH |
| SWM Seven West Media | 0.4 | 6.7 | 22,528,171 | 206,646 | BULLISH |
| NBL Noni B | 2.58 | 5.3 | 52,656 | 123,349.7 | BULLISH |
| AHG Advance Healthcare | 3.21 | 4.6 | 663,989 | 261,920.3 | BULLISH |
| GSW Getswift | 0.25 | 4.2 | 499,320 | 17,486 | BULLISH |
| SHM Shriro | 0.67 | 3.9 | 91,198 | 50,781 | BULLISH |
| CAT Catuity | 1.17 | 3.6 | 340,110 | 136,862.9 | BULLISH |
| AJX Alexium International | 0.15 | 3.6 | 80,000 | 114,468.4 | BULLISH |