|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: NO POSITION @ $7.2
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.
Santos (ASX:STO) Neither buyers are keener than sellers translating to the price remaining flat for Santos. This is the first day of neutral price movement for STO adding strength to indecision in the first timeframe. The longest consecutive number of unchanged days over the last 12 months has been 1 days, of which a total of 1 have occurred this month. The ratio of neutral days against total trading days equals 0x
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.
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