Overall BATL gets a technical rating of 3 out of 10. BATL has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is bad, BATL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.30. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BATL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.16 to 1.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.07 from a horizontal line in the daily time frame.
- Support @1.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.30 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BATL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BATL is neutral. |
| ChartMill Relative Strength | 49.47 | NEUTRAL | BATL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BATL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BATL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BATL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.88 | NEUTRAL | The RSI value for BATL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BATL has a positive trend. |
| Stochastics (14,3) | 57.32 | NEUTRAL | The Stochastics value for BATL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for BATL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.56 | POSITIVE | The high ADX value value for BATL suggests a strong trend. |
1.21
+0.04 (+3.42%)
BATTALION OIL CORP / BATL FAQ
What is the ChartMill technical rating of BATTALION OIL CORP (BATL) stock?
ChartMill assigns a technical rating of 3 / 10 to BATL.
Can you provide the trend direction for BATTALION OIL CORP?
The current trend direction for BATTALION OIL CORP (BATL) is Bearish.
Can you provide the RSI signal for BATTALION OIL CORP?
BATTALION OIL CORP (BATL) has an RSI value of 56.876. This indicates that the stock is currently neutral.
What is the MACD signal for BATL stock?
The MACD indicator for BATTALION OIL CORP (BATL) has a value of 0.0015363, indicating a bearish trend.