- Price is above Fair Value, showing premium demand versus the model.
600938
SHH
Week ended 07 Aug 2026
Weekly Investor Report
CNOOC Limited · Energy · Oil & Gas E&P
Latest close
31.33 CNY
-2.9%
latest week
Weekly setup
Mixed setup
The weekly trend is not active. Price is -9.2% below the Trend Line and sits at 33.2% of its 52-week range. The latest completed week returned -2.9%, after a 11.3% four-week move. The latest news-sentiment score is 54/100.
Setup score
46
out of 100
Latest Close
31.33 CNY
7 Aug 2026
1W Return
-2.9%
latest completed week
4W Return
11.3%
short-term follow-through
12W Return
-14.2%
quarterly tape
Trend Breadth
80.8%
42 of 52 weeks active
Volume Ratio
1.1x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Price is below the Trend Line, which keeps downside pressure in focus.
- Activity pressure is negative, which weakens the current setup.
- Activity pressure is weak, so confirmation is not yet broad enough.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
-2.9%
Latest completed week; four-week move 11.3%.
Indicator stack
44/46
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
News sentiment
54/100
5 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is -9.2% below the Trend Line and sits at 33.2% of its 52-week range. The latest completed week returned -2.9%, after a 11.3% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 1.1x the 13-week average. Participation is around or above normal and provides reasonable confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
6 Feb
13 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.1412-week average 0.40
12-week confirmation
Trend active3/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure0/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership7/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.14Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 11.3% over four weeks, -14.2% over 12 weeks, and 23.9% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year42
Trend breadth80.8%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure-0.46Latest activity-pressure read.
Pressure change58.7%Four-week change in activity pressure.
Leadership0.96Latest relative-leadership reading.
RS change109.9%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
A published fundamentals and factor snapshot is not available for this company.
No published fundamental snapshot is available for this company.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment54/100
Weighted news tone is neutral across 5 relevant articles.
1 positive · 4 neutral · 0 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-29.7%Distance below the 52-week high.
13-week volatility5.2%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
6 Feb
13 Mar
10 Apr
8 May
5 Jun
3 Jul
7 Aug
Weeks higher13 of 2613 weeks finished lower.
Best week+12.9%Week of 6 Mar.
Worst week-10.8%Week of 26 Jun.
Latest week-2.9%Week of 7 Aug.
Shape of recent returns
Strong gains4
Modest gains9
Flat weeks0
Modest losses8
Sharp losses5
Recent vol5.2%13-week weekly-return volatility.
Base vol4.7%52-week weekly-return volatility.
Up/down split29/23Count of positive and negative weeks in the 52-week window.
Average skew3.6% / -3.3%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorCN Energy
4-week rank19 / 78
Group average6.9%
Trend breadth14.1%
Trend14.1%active weekly trend signals
MD19.2%positive activity pressure
RS39.7%positive relative leadership
Four-week leaders
IndustryCN Oil & Gas E&P
4-week rank1 / 5
Group average4.5%
Trend breadth0.0%
Trend0.0%active weekly trend signals
MD0.0%positive activity pressure
RS20.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape45/100
Trend, activity pressure, participation, and risk combine to a 45/100 tape read.
Indicator analysis28/100Latest 12-week confirmation: trend 3/12, activity pressure 0/12, relative leadership 7/12.
Activity pressure 0.14; No reversal markers Factors50/100No published factor snapshot is available yet.
Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment54/100Weighted news tone is neutral across 5 relevant articles.
Xinran Group Expands Integrated Energy Equipment Solutions Across Global Markets Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | 31.33 CNY | -2.9% | 34.51 CNY | 26.38 CNY | -0.46 | 0.96 | 241.0M | Off |
| 31 Jul 2026 | 32.26 CNY | 1.1% | 34.48 CNY | 26.29 CNY | -0.53 | 7.10 | 316.1M | Off |
| 24 Jul 2026 | 31.91 CNY | 10.1% | 34.34 CNY | 26.19 CNY | -0.77 | 6.79 | 472.8M | Off |
| 17 Jul 2026 | 28.97 CNY | 2.9% | 34.21 CNY | 26.09 CNY | -1.04 | -1.46 | 325.3M | Off |
| 10 Jul 2026 | 28.15 CNY | 3.4% | 34.19 CNY | 26.00 CNY | -1.12 | -9.69 | 315.2M | Off |
| 3 Jul 2026 | 27.22 CNY | 1.2% | 34.21 CNY | 25.92 CNY | -1.23 | -13.73 | 63.8M | Off |
| 26 Jun 2026 | 26.91 CNY | -10.8% | 34.23 CNY | 25.85 CNY | -1.20 | -14.50 | 63.8M | Off |
| 19 Jun 2026 | 30.18 CNY | -8.0% | 34.30 CNY | 25.78 CNY | -1.14 | -5.78 | 230.0M | Off |
| 12 Jun 2026 | 32.80 CNY | -5.2% | 34.26 CNY | 25.68 CNY | -1.11 | 3.77 | 67.0M | Off |
| 5 Jun 2026 | 34.59 CNY | 0.5% | 34.12 CNY | 25.57 CNY | -1.02 | 9.74 | 37.9M | On |
| 29 May 2026 | 34.40 CNY | -4.0% | 33.87 CNY | 25.46 CNY | -0.92 | 8.39 | 219.0M | On |
| 22 May 2026 | 35.83 CNY | -1.9% | 33.63 CNY | 25.34 CNY | -0.62 | 12.00 | 211.5M | On |
| 15 May 2026 | 36.51 CNY | 0.4% | 33.29 CNY | 25.21 CNY | -0.35 | 13.96 | 196.4M | On |
| 8 May 2026 | 36.35 CNY | -9.1% | 32.94 CNY | 25.08 CNY | -0.12 | 12.72 | 183.6M | On |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.