SANTOS LIMITED

- AUD (-)

- End-of-day data - Australia Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	STO
ISIN:	AU000000STO6

SANTOS LIMITED - Weekly - Technical analysis published on 04/21/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 7.769 AUD

My targets

6.860 AUD (-3.24%)

5.913 AUD (-16.60%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SANTOS LIMITED as long as the price remains well below 7.769 AUD. The sellers' bearish objective is set at 6.860 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.913 AUD. In case of crossing, the next objective would be the support located at 4.652 AUD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SANTOS LIMITED rating 7.090 AUD. The price registered a decrease of -2.21% over 5 days and has been traded over the last 5 days between 6.990 AUD and 7.380 AUD. This implies that the 5 day price is +1.43% from its lowest point and -3.93% from its highest point.

6.990

7.380

7.090

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SANTOS LIMITED:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of SANTOS LIMITED indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Weekly

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Weekly

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of channel

Type : Bullish

Timeframe : Weekly

Horizontal support is broken

Type : Bearish

Timeframe : Weekly

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.652	5.913	6.860	7.090	7.769	8.370	8.886
Change (%)	-34.39%	-16.60%	-3.24%	-	+9.58%	+18.05%	+25.33%
Change	-2.438	-1.177	-0.230	-	+0.679	+1.280	+1.796
Level	Minor	Intermediate	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.910	6.950	7.020	7.060	7.130	7.170	7.240
Camarilla	7.060	7.070	7.080	7.090	7.100	7.110	7.120
Woodie	6.925	6.958	7.035	7.068	7.145	7.178	7.255
Fibonacci	6.950	6.992	7.018	7.060	7.102	7.128	7.170

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.010	7.070	7.190	7.250	7.370	7.430	7.550
Camarilla	7.261	7.277	7.294	7.310	7.327	7.343	7.360
Woodie	7.040	7.085	7.220	7.265	7.400	7.445	7.580
Fibonacci	7.070	7.139	7.181	7.250	7.319	7.361	7.430

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.922	6.323	6.612	7.013	7.302	7.703	7.992
Camarilla	6.710	6.774	6.837	6.900	6.963	7.027	7.090
Woodie	5.865	6.295	6.555	6.985	7.245	7.675	7.935
Fibonacci	6.323	6.587	6.750	7.013	7.277	7.440	7.703

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	47.73
MACD (12,26,9):	-0.0850
Directional Movement:	-4.272
AROON (14):	-64.286
DEMA (21):	7.021
Parabolic SAR (0,02-0,02-0,2):	6.737
Elder Ray (13):	0.083
Super Trend (3,10):	7.961
Zig ZAG (10):	7.090
VORTEX (21):	0.9330
Stochastique (14,3,5):	58.71
TEMA (21):	7.003
Williams %R (14):	-52.90
Chande Momentum Oscillator (20):	-0.150
Repulse (5,40,3):	-3.1780
ROCnROLL:	2
TRIX (15,9):	-0.2340
Courbe Coppock:	2.92

MA7:	7.213
MA20:	7.079
MA50:	7.053
MA100:	7.124
MAexp7:	7.094
MAexp20:	7.145
MAexp50:	7.248
MAexp100:	7.163
Price / MA7:	-1.71%
Price / MA20:	+0.16%
Price / MA50:	+0.52%
Price / MA100:	-0.48%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.77%
Price / MAexp50:	-2.18%
Price / MAexp100:	-1.02%

Quotes : - End-of-day data - Australia Stocks

News

The last news published on SANTOS LIMITED at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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