BATTALION OIL CORP (BATL) Technical Analysis
NYSEARCA:BATL • US07134L1070
Current stock price
BATL Technical Rating and Analysis
Overall BATL gets a technical rating of 2 out of 10. Although BATL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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.
- BATL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 209 stocks in the same industry.
- BATL has an average volume of 17147100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BATL did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month BATL has a been trading in the 3.00 - 4.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BATL Weekly and Daily overview Charts
BATL Setup Rating and Analysis
Although the technical rating is bad, BATL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
BATL Support and Resistance Analysis
3.16
3 important support areas can be observed.
- Support @3.66 from a horizontal line in the daily time frame.
- Support @3.37 from a trend line in the daily time frame.
- Support @3.19 from a trend line in the daily time frame.
BATL Technical Indicator Signal Analysis
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 | 95.03 | POSITIVE | BATL has a high relative strength, it outperformed 95.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BATL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BATL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BATL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.16 | NEUTRAL | The RSI value for BATL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests BATL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.4 | NEUTRAL | The Stochastics value for BATL is a neutral value. |
| Average True Range in percent/ATR (20) | 15.17 | HIGH VOLATILITY | The high ATR as a percentage value for BATL suggests high volalility. |
| Average Directional Index/ADX (14) | 11.37 | NEGATIVE | The low ADX value for BATL suggests a weak or negative trend. |
BATL Chart- and CandleStick Pattern Analysis
BATL Technicals: Chart, Performance Metrics, Trend & Indicators
3.74
-0.05 (-1.32%)
BATTALION OIL CORP / BATL TA FAQ
What is the ChartMill technical rating of BATTALION OIL CORP (BATL) stock?
ChartMill assigns a technical rating of 2 / 10 to BATL.
What is the trend direction for BATL stock?
The current trend direction for BATTALION OIL CORP (BATL) is Bearish.
What is the RSI signal for BATL stock?
BATTALION OIL CORP (BATL) has an RSI value of 42.1593. This indicates that the stock is currently neutral.
What is the MACD signal for BATTALION OIL CORP (BATL) stock?
The MACD indicator for BATTALION OIL CORP (BATL) has a value of 0.271367, indicating a bearish trend.
Can you provide the short term momentum for BATTALION OIL CORP?
The short term momentum for BATTALION OIL CORP (BATL) is negative.