INN DEFINED WEALTH SHIELD (BALT) Stock Technical Analysis
NYSEARCA:BALT • US45783Y8553
We assign a technical rating of 7 out of 10 to BALT. Although BALT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- BALT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When compared to the yearly performance of all other stocks, BALT outperforms 51% of them, which is more or less in line with the market.
- In the last month BALT has a been trading in a tight range between 33.55 and 33.81.
- Considerably lower volume is observed in the last couple of days.
BALT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.72, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BALT 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
29.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.05 to 33.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.03 to 32.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.02 to 30.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 33.79 to 33.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BALT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BALT is up. |
| ChartMill Relative Strength | 51.36 | NEUTRAL | BALT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BALT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BALT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BALT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.38 | NEUTRAL | The RSI value for BALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BALT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.12 | NEUTRAL | The Stochastics value for BALT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for BALT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.94 | NEGATIVE | The low ADX value for BALT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 33.80 | 33.58 | 0.22 (0.65%) | 25.00% |
| An entry @33.80. This is a Buy Stop order right above the resistance zone. | An exit @33.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 0.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.16%. |
- 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.
33.77
+0.07 (+0.19%)
INN DEFINED WEALTH SHIELD / BALT FAQ
What is the ChartMill technical rating of INN DEFINED WEALTH SHIELD (BALT) stock?
ChartMill assigns a technical rating of 7 / 10 to BALT.
What is the current trend direction of INN DEFINED WEALTH SHIELD (BALT) stock?
The current trend direction for INN DEFINED WEALTH SHIELD (BALT) is Bullish.
What is the RSI signal for INN DEFINED WEALTH SHIELD (BALT) stock?
INN DEFINED WEALTH SHIELD (BALT) has an RSI value of 58.381. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INN DEFINED WEALTH SHIELD?
The MACD indicator for INN DEFINED WEALTH SHIELD (BALT) has a value of -0.00521536, indicating a bearish trend.
Can you provide the short term momentum for INN DEFINED WEALTH SHIELD?
The short term momentum for INN DEFINED WEALTH SHIELD (BALT) is positive.