Santos Limited · Energy
$8.51
-13.0%
Sep 19, 2026
D
WeakGraded against STO's own history at this drawdown — not the market's.
What it means: STO's own history does not strongly favor buying at this level yet.
What to do: Consider watching and waiting for a deeper dip or a higher grade.
Santos Limited explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Alaska, Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia, Timor-Leste and Western Australia. It also engages in the development of decarbonization technologies. In addition, the company produces crude oil, liquefied petroleum gas, ethane, liquefied natural gas, and condensate, as well as natural gas. Santos
Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.
In plain terms: STO is 13% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.
Right now STO — Santos Ltd. — is in a moderate correction, down 13.0% from its record high. Last price: $8.51. Corrections in this band are common during macro repricings (rate scares, sector rotations, earnings shocks). The question is whether the cause is durable or transient.
Across all available history, STO has spent enough trading days in the 15%-to-10% drawdown band to build a large sample (1130 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.
Drawdown-based signals work across asset classes but the magnitude of meaningful moves varies. Dipsern computes the segmentation per-asset so the bands are calibrated to STO's own volatility history. This is the band where most successful "buy the dip" strategies have historically operated. The median forward return here for STO is in the full app, alongside the segment-level win rate.
Five tickers closest to STO's distance from all-time high. Same category, one tap away.
Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for STO. Median forward returns, win rates, and prediction errors are available in the full analysis.
We segment 40+ years of STO's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.
Years of history
40+
Drawdown bands
20
Look-ahead bias
None
Data sources
4
See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for STO.
Dipsern is research and a second opinion — not a broker. You'd buy STO at your own broker.
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Signal computed Sep 19, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.