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 - Daily - Technical analysis published on 01/19/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 7.003 AUD

My targets

7.453 AUD (+1.54%)

8.220 AUD (+11.99%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SANTOS LIMITED as long as the price remains well above 7.003 AUD. The buyers” bullish objective is set at 7.453 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.220 AUD. If there is any crossing, the next objective would be the resistance located at 9.039 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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 knhassan. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SANTOS LIMITED rating 7.340 AUD. On the day, this instrument lost -0.27% with the lowest point at 7.285 AUD and the highest point at 7.380 AUD. The deviation from the price is +0.75% for the low point and -0.54% for the high point.

7.285

7.380

7.340

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SANTOS LIMITED indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.889	6.169	6.573	7.340	7.453	9.039	11.753
Change (%)	-19.77%	-15.95%	-10.45%	-	+1.54%	+23.15%	+60.12%
Change	-1.451	-1.171	-0.767	-	+0.113	+1.699	+4.413
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.153	7.287	7.353	7.487	7.553	7.687	7.753
Camarilla	7.365	7.383	7.402	7.420	7.438	7.457	7.475
Woodie	7.120	7.270	7.320	7.470	7.520	7.670	7.720
Fibonacci	7.287	7.363	7.410	7.487	7.563	7.610	7.687

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.570	6.820	7.120	7.370	7.670	7.920	8.220
Camarilla	7.269	7.319	7.370	7.420	7.470	7.521	7.571
Woodie	6.595	6.833	7.145	7.383	7.695	7.933	8.245
Fibonacci	6.820	7.030	7.160	7.370	7.580	7.710	7.920

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.327	5.693	5.982	6.348	6.637	7.003	7.292
Camarilla	6.090	6.150	6.210	6.270	6.330	6.390	6.450
Woodie	5.288	5.674	5.943	6.329	6.598	6.984	7.253
Fibonacci	5.693	5.944	6.098	6.348	6.599	6.753	7.003

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.94
MACD (12,26,9):	0.3270
Directional Movement:	23.583
AROON (14):	78.571
DEMA (21):	7.263
Parabolic SAR (0,02-0,02-0,2):	6.911
Elder Ray (13):	0.243
Super Trend (3,10):	6.875
Zig ZAG (10):	7.360
VORTEX (21):	1.0580
Stochastique (14,3,5):	87.77
TEMA (21):	7.394
Williams %R (14):	-18.84
Chande Momentum Oscillator (20):	1.010
Repulse (5,40,3):	1.8000
ROCnROLL:	1
TRIX (15,9):	0.5330
Courbe Coppock:	30.78

MA7:	7.314
MA20:	6.712
MA50:	6.340
MA100:	5.735
MAexp7:	7.258
MAexp20:	6.866
MAexp50:	6.395
MAexp100:	6.031
Price / MA7:	+0.36%
Price / MA20:	+9.36%
Price / MA50:	+15.77%
Price / MA100:	+27.99%
Price / MAexp7:	+1.13%
Price / MAexp20:	+6.90%
Price / MAexp50:	+14.78%
Price / MAexp100:	+21.70%

Quotes : 2021-01-19 00:00:00 - End-of-day data - Australia Stocks

News

Don"t forget to follow the news on SANTOS LIMITED. At the time of publication of this analysis, the latest news was as follows:

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

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