Share Activity Lifted (-1.61%) for Oasis Petroleum Inc (OAS) in Session

Mae Love
January 13, 2018

Traders following the stock may be watching for signs of strong financial strength.

After a recent check, Oasis Petroleum Inc's 14-day RSI is now at 56.61, the 7-day stands at 67.72, and the 3-day is sitting at 69.29. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

The most recent open market insider trade was Sell of 10,985 shares on a day where the closing price was 8.77. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Beta for Oasis Petroleum Inc. stands at 2.29 while its ATR (average true range) is 0.38. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems".

Traders may be relying in part on technical stock analysis. Oasis Petroleum Inc. (NYSE:OAS) has risen 26.53% since January 12, 2017 and is uptrending. Despite the name, CCI can be used on other investment tools such as stocks. Alternately, if the indicator goes under -80, this may show the stock as being oversold. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Public Employees Retirement System of OH now owns 226,542 shares of the energy producer's stock worth $2,066,000 after buying an additional 28,625 shares during the period.

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The Average Directional Index or ADX is often considered to be an important tool for technical trading or investing. ADX is used to gauge trend strength but not trend direction. The return on assets stands at -0.9%, Return on Equity now is -1.9% and the Return on Investment value is 0%. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. Vanguard Group Inc owns $173.67 million in Oasis Petroleum Inc., which represents roughly 7.75% of the company's market cap and approximately 8.85% of the institutional ownership. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 25-50 would support a strong trend.

Insider trading activity is a great indicator of how a stock is performing, so let's take a look at Oasis Petroleum Inc.

Oasis Petroleum Inc. has distance from 20-day Simple Moving Average (SMA20) of 11.96%, Distance from 50-Day Simple Moving Average of SMA50 percent and Distance from 200-Day Simple Moving Average of -0.64%. The stock traded with the volume of 16.8 Million shares yesterday. Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. This metric reflects the average amount a stock's price has differed from the mean over a period of time.

The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. The Williams %R was developed by Larry Williams. The data from the past twelve months tells a different story: insiders executed 12 buys and 21 sells, and ownership decreased by a net of 48949 shares. The RSI operates in a range-bound area with values between 0 and 100. A reading between 0 and -20 would point to an overbought situation. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. To measure price-variation, we found OAS's volatility during a week at 3.95% and during a month it has been found around 4.17%.

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