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BALTA GROUP NV (BALTA.BR) Stock Technical Analysis

EBR:BALTA - Euronext Brussels - BE0974314461 - Common Stock - Currency: EUR

1.39  -0.01 (-0.71%)

Technical Rating and Analysis

0

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

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BALTA is a bad performer in the overall market: 91% of all stocks are doing better.
BALTA is part of the Household Durables industry. There are 30 other stocks in this industry, of which 82% are performing better than BALTA.
BALTA 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 BALTA has a been trading in the 1.36 - 1.58 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BALTA has an average volume of 5724 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Weekly and Daily overview Charts
BALTA GROUP NV / BALTA Weekly stock chart
BALTA GROUP NV / BALTA Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is bad, BALTA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

Support and Resistance Analysis

1.35

2.47

When analyzing the support we notice one important area.

  • A support zone ranging from 1.36 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

  • A resistance zone ranging from 1.54 to 1.56. 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 1.60 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.66 from a horizontal line in the daily time frame.
  • Resistance @2.45 from a trend line in the daily time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for BALTA.BR is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for BALTA.BR is down.
ChartMill Relative Strength9.92NEGATIVEBALTA.BR has a low relative strength, it was outperformed by 90.08% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of BALTA.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BALTA.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BALTA.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)37.57NEUTRALThe RSI value for BALTA.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests BALTA.BR has a negative trend, although the MACD value is rising.
Stochastics (14,3)10.94OVERSOLDThe low Stochastics value suggests BALTA.BR may be oversold.
Average True Range in percent/ATR (20)3.65MEDIUM VOLATILITYThe ATR as a percentage value for BALTA.BR suggests some volalility.
Average Directional Index/ADX (14)38.75POSITIVEThe high ADX value value for BALTA.BR suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
BALTA GROUP NV / BALTA Daily stock chart

BALTA GROUP NV

EBR:BALTA (10/28/2022, 10:18:40 AM)

1.39

-0.01 (-0.71%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.71%
1 Week-4.47%
2 Weeks-0.71%
1 Month-14.46%
3 Month-14.2%
6 Month-56.83%
12 Month-50.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.65%
ATR Inc-50%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.92
Mansfield-3.94
10 Day High1.5
10 Day Low1.36
20 Day High1.58
20 Day Low1.36
52 Week High3.95
52 Week Low1.36
CS1 End1.38
CR1 Start1.54
Volume & EV
DER(3)0%
DER(5)0%
Volume1.00K
Volume Incr-12.06%
Vol(5)4.69K
Vol(50)5.72K