Taking everything into account, BANL scores 0 out of 10 in our technical rating. BANL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BANL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.42
When analyzing the support we notice one important area.
- A support zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @0.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.70 from a trend line in the daily time frame.
- Resistance @0.73 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BANL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BANL is down. |
| ChartMill Relative Strength | 5.06 | NEGATIVE | BANL has a low relative strength, it was outperformed by 94.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BANL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BANL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BANL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.29 | NEUTRAL | The RSI value for BANL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BANL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.98 | NEUTRAL | The Stochastics value for BANL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.79 | HIGH VOLATILITY | The high ATR as a percentage value for BANL suggests high volalility. |
| Average Directional Index/ADX (14) | 34.81 | POSITIVE | The high ADX value value for BANL suggests a strong trend. |
0.4275
-0.01 (-2.8%)
CBL INTERNATIONAL LTD / BANL FAQ
What is the ChartMill technical rating of CBL INTERNATIONAL LTD (BANL) stock?
ChartMill assigns a technical rating of 0 / 10 to BANL.
Can you provide the trend direction for CBL INTERNATIONAL LTD?
The current trend direction for CBL INTERNATIONAL LTD (BANL) is Bearish.
What is the RSI signal for BANL stock?
CBL INTERNATIONAL LTD (BANL) has an RSI value of 30.2882. This indicates that the stock is currently neutral.
What is the MACD signal for BANL stock?
The MACD indicator for CBL INTERNATIONAL LTD (BANL) has a value of 0.00583262, indicating a bearish trend.
What is the support and resistance level for BANL stock?
CBL INTERNATIONAL LTD (BANL) has a support level at 0.42 and a resistance level at 0.48. Check the full technical report for our detailed analysis of BANL support and resistance levels.