The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Santos (STO.AX)
Stock Exchange: ASX
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.
|BDR Beadell Resources||0.06||11.5||4,487,745||0||NEUTRAL|
|ALK Alkane Exploration||0.26||8.3||1,267,384||0||NEUTRAL|
|EVN Evolution Mining||2.85||6.7||16,065,333||0||NEUTRAL|
|LYC Lynas Corporation||2.05||5.9||7,004,603||0||NEUTRAL|
|OGC Oceanagold Corporation||4.2||5.3||361,211||0||NEUTRAL|
|SAR Saracen Mineral||1.88||5.3||7,044,035||0||NEUTRAL|
|SYR Syrah Resources||2.33||4.5||4,853,361||0||NEUTRAL|