Oil Search

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Continuation of the oversold CCI signal for Oil Search

Continuation of the oversold CCI signal for Oil Search

[BULLISH]: Oil Search (ASX:OSH) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -225. The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -226.

The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -67%

The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -67%

[BEARISH]: Oil Searchsellers are keener than buyers and are driving the price down. There has been 5 consecutive days of price decline for OSH adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -7.2 & the greatest daily negative change this year has been -64.7. The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -67%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -67%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -2.200000%

Oil Search: Sellers have taken control.

[BEARISH]: Oil Search opened in the middle part of daily range at 62.5% & closed in the lower part of the trading range at 18.8%. This suggests the sellers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 11.1%.

Oil Search continues positive divergence & potential shift in direction

[BULLISH]: Oil Search current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.04. Oil Search (ASX:OSH) received a confirmed CMF crossover days on the Feb 19 2020. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.21 occurring on the Feb 19 2020.

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