1.24 USD
0 (0%)
1.2008 USD
-0.04 (-3.16%)
We assign a technical rating of 6 out of 10 to BATL. In the last year, BATL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 80% of all other stocks performed better in the past year than BATL.
- BATL is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 67% 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month BATL has a been trading in the 1.08 - 1.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BATL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for BATL in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.06
1.29
When analyzing the support we can see 5 important areas.
- Support @1.24 from a trend line in the daily time frame.
- A support zone ranging from 1.15 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.09 from a horizontal line in the daily time frame.
- Support @1.07 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.25 to 1.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.28 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 | NEUTRAL | NEUTRAL | The long term trend for BATL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BATL is up. |
| ChartMill Relative Strength | 20.93 | NEGATIVE | BATL has a low relative strength, it was outperformed by 79.07% off all stocks 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) | 57.23 | NEUTRAL | The RSI value for BATL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BATL has a positive trend. |
| Stochastics (14,3) | 48.39 | NEUTRAL | The Stochastics value for BATL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for BATL suggests high volalility. |
| Average Directional Index/ADX (14) | 34.42 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.26 | 1.23 | 0.03 (2.38%) | 25.00% |
| An entry @1.26. This is a Buy Stop order right above the resistance zone. | An exit @1.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.03 points, which is 2.38%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BATL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.24
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week6.9%
2 Weeks9.73%
1 Month13.76%
3 Month18.1%
6 Month-8.15%
12 Month-36.08%
2 Year-81.9%
3 Year-87.98%
5 Year-83.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%8.28%
ATR Inc24.19%
Range Today0.06
ADR(20)0.1
ADR(20)%7.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.93
3 months CRS86.64
6 months CRS22.44
Mansfield-1.56
10 Day High1.39
10 Day Low1.11
20 Day High1.39
20 Day Low1.08
52 Week High3.67
52 Week Low1
CS1 End1.24
CR1 Start1.25
Volume & EV
DER(3)3.38%
DER(5)0.68%
Volume121.50K
Volume Incr162.79%
Vol(5)261.88K
Vol(50)108.11K
BATTALION OIL CORP / BATL FAQ
What is the ChartMill technical rating of BATTALION OIL CORP (BATL) stock?
ChartMill assigns a technical rating of 6 / 10 to BATL.
What is the trend direction for BATL stock?
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 57.2332. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BATTALION OIL CORP?
The short term momentum for BATTALION OIL CORP (BATL) is positive.