Woodside Petroleum

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

Bar Reversal

Score

1.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 53 7.5 0.68% 2.00% 2.2% -2.3% 38.8%
SHORT 55 8.0 0.53% 1.12% 2.5% -1.7% 27.9%

Summary

Technical Analysis

Woodside Petroleum (WPL.AX)


Indicator:

BAR REVERSAL


Last Signal:

NEUTRAL


Trading: NO POSITION @ $36.25
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.


Woodside Petroleum (ASX:WPL)No bar reversal is present for Woodside Petroleum. Over the last 12 months there have been 5 occurrences of no bar reversals giving a signal probability of 1.9%.


PROFILE: Woodside Petroleum (WPL.AX)


Stock Exchange: ASX
Company: Woodside Petroleum
Ticker Codes: | WPL.AX | ASX:WPL |

About Woodside Petroleum (ASX:WPL):

Woodside Petroleum Ltd, an independent oil and gas company, engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons. The company's products include liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. It holds interests in the North West Shelf project located in Western Australia; and operates a fleet of floating oil production, storage, and offloading facilities in Australia. The company's exploration portfolio includes emerging and frontier provinces in Australia and the Asia-Pacific region, the Atlantic margins, and Sub-Saharan Africa. It is also involved in the provision of trading, LNG processing, ship chartering, and other services. The company operates in Oceania, Asia, Canada, Africa, and internationally. Woodside Petroleum Ltd was founded in 1954 and is headquartered in Perth, Australia.

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