BATTALION OIL CORP (BATL) Stock Technical Analysis
NYSEARCA:BATL - NYSE Arca - US07134L1070 - Common Stock - Currency: USD
Overall BATL gets a technical rating of 1 out of 10. BATL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
94% of all other stocks performed better in the past year than BATL.
BATL is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 88% are performing better than BATL.
BATL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BATL has a been trading in the 1.21 - 2.70 range, which is quite wide. It is currently trading near the lows of this range.
BATL has an average volume of 1299370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BATL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
1.23
2.31
We found 3 important support areas.
- Support @1.32 from a horizontal line in the weekly time frame.
- Support @1.28 from a trend line in the daily time frame.
- A support zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- Resistance @1.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.98 from a trend line in the weekly time frame.
- Resistance @2.29 from a trend line in the daily 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 BATL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BATL is down. |
| ChartMill Relative Strength | 6.53 | NEGATIVE | BATL has a low relative strength, it was outperformed by 93.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BATL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BATL is below 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) | 45.12 | NEUTRAL | The RSI value for BATL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BATL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.33 | NEUTRAL | The Stochastics value for BATL is a neutral value. |
| Average True Range in percent/ATR (20) | 14.53 | HIGH VOLATILITY | The high ATR as a percentage value for BATL suggests high volalility. |
| Average Directional Index/ADX (14) | 25.48 | POSITIVE | The high ADX value value for BATL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.35
-0.03 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.17%
1 Week1.5%
2 Weeks-4.26%
1 Month-48.47%
3 Month7.14%
6 Month-30.41%
12 Month-64.84%
2 Year-83.89%
3 Year-87.25%
5 Year-84.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%14.53%
ATR Inc-36.1%
Range Today0.09
ADR(20)0.19
ADR(20)%13.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.53
Mansfield-5.59
10 Day High1.43
10 Day Low1.21
20 Day High2.7
20 Day Low1.21
52 Week High6.89
52 Week Low1.05
CS1 End1.32
CR1 Start1.42
Volume & EV
DER(3)10.57%
DER(5)2.56%
Volume50.50K
Volume Incr-96.12%
Vol(5)124.06K
Vol(50)1.30M