BTAL Technical Analysis - AGF US MARKET NEUTRAL ANTI-B

Technical Rating and Analysis

Overall BTAL gets a technical rating of 0 out of 10. BTAL'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.

89% of all other stocks performed better in the past year than BTAL.

BTAL 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 BTAL has a been trading in the 16.95 - 18.83 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AGF US MARKET NEUTRAL ANTI-B / BTAL Weekly stock chart

AGF US MARKET NEUTRAL ANTI-B / BTAL Daily stock chart

Setup Rating and Analysis

The technical rating of BTAL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.81

21.28

When analyzing the support we notice one important area.

A support zone ranging from 16.98 to 16.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 17.68 to 17.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 18.33 to 18.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @19.45 from a horizontal line in the daily time frame.
Resistance @19.96 from a horizontal line in the daily time frame.
Resistance @21.07 from a horizontal line in the weekly time frame.

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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 BTAL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BTAL is down.
ChartMill Relative Strength	11.32	NEGATIVE	BTAL has a low relative strength, it was outperformed by 88.68% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BTAL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BTAL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BTAL is below a declining SMA(200).
Relative Strength Index/RSI (14)	28.55	OVERSOLD	The low RSI value suggests BTAL may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests BTAL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	4.13	OVERSOLD	The low Stochastics value suggests BTAL may be oversold.
Average True Range in percent/ATR (20)	1.6	LOW VOLATILITY	The low ATR as a percentage value for BTAL suggests low volalility.
Average Directional Index/ADX (14)	32.38	POSITIVE	The high ADX value value for BTAL suggests a strong trend.