Oil Search

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Oil Search: Sellers have lost commitment.

[BEARISH WEAK]: Oil Search opened in the upper part of daily range at 92.6% & closed in the middle part of the trading range at 40.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 12.5%.

The biggest upward movement for Oil Search this month has been -2.5

The biggest upward movement for Oil Search this month has been -2.5

[BEARISH]: Oil Searchsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for OSH adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.5 & the greatest daily negative change this year has been -62.4. The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -66.1%. This quarter, the largest downswing rally has been 9 days giving a total rally downward movement of -66.1%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -0.700000%

OSH.AX: CMF has negative divergence between price and volume

OSH.AX: CMF has negative divergence between price and volume

[BEARISH]: Oil Search current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.08. Oil Search (ASX:OSH) received a confirmed CMF crossover days on the Jun 12 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.4 occurring on the Jun 12 2019.

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