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$BSN (Basin Energy Limited) Price Analysis
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Penke

I guess you are interested in Basin Energy Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Basin Energy Limited’s Price Targets

I'm going to help you getting a better view of Basin Energy Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Basin Energy Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Basin Energy Limited. The general trend of Basin Energy Limited is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Basin Energy Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Basin Energy Limited Price Targets

1.1 sr

Score

Let's take a look at the sr of Basin Energy Limited.

  • The price is trading between support and resistance lines.
Basin Energy Limited Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Basin Energy Limited.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Basin Energy Limited Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Basin Energy Limited.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Basin Energy Limited.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Basin Energy Limited.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Basin Energy Limited Daily macd ChartBasin Energy Limited Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Basin Energy Limited.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • Bearish conditions persist, but trend strength is weakening, which may signal slowing downside momentum or a possible stabilization.
Basin Energy Limited Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Basin Energy Limited.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Basin Energy Limited Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Basin Energy Limited. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Basin Energy Limited Daily rsi ChartBasin Energy Limited Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Basin Energy Limited. The current phase is Correction in bear market.

  • Momentum favors buyers, indicating constructive short-term market participation.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Basin Energy Limited.
  • Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.
Basin Energy Limited Daily stoch ChartBasin Energy Limited Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Basin Energy Limited.

Basin Energy Limited Daily cci ChartBasin Energy Limited Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Basin Energy Limited.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Basin Energy Limited Daily cmo ChartBasin Energy Limited Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Basin Energy Limited.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Basin Energy Limited Daily willr ChartBasin Energy Limited Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Basin Energy Limited.

Basin Energy Limited Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Basin Energy Limited.

Basin Energy Limited Daily atr ChartBasin Energy Limited Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Basin Energy Limited.

Basin Energy Limited Daily obv ChartBasin Energy Limited Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Basin Energy Limited.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
Basin Energy Limited Daily mfi ChartBasin Energy Limited Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Basin Energy Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Basin Energy Limited Daily Candlestick Chart
DateCandlestick Pattern
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