We assign a technical rating of 0 out of 10 to BHAT. BHAT'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.
- 97% of all other stocks performed better in the past year than BHAT.
- BHAT is one of the lesser performing stocks in the Entertainment industry. 82% of 80 stocks in the same industry do better.
- BHAT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month BHAT has a been trading in the 0.86 - 1.31 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of BHAT 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.
More info and screens
0.87
When analyzing the resistance we notice 4 important areas.
- Resistance @1.22 from a trend line in the daily time frame.
- A resistance zone ranging from 1.24 to 1.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.54 from a trend line in the daily time frame.
- A resistance zone ranging from 1.90 to 1.93. 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 | DOWN | NEGATIVE | The long term trend for BHAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHAT is down. |
| ChartMill Relative Strength | 3.29 | NEGATIVE | BHAT has a low relative strength, it was outperformed by 96.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.11 | OVERSOLD | The low RSI value suggests BHAT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BHAT has a negative trend. |
| Stochastics (14,3) | 9.14 | OVERSOLD | The low Stochastics value suggests BHAT may be oversold. |
| Average True Range in percent/ATR (20) | 11.4 | HIGH VOLATILITY | The high ATR as a percentage value for BHAT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.93 | NEUTRAL | The ADX value for BHAT suggests a possible start of a new trend. |
0.88
-0.05 (-5.38%)
BLUE HAT INTERACTIVE ENTERTA / BHAT FAQ
Can you provide the ChartMill technical rating for BLUE HAT INTERACTIVE ENTERTA?
ChartMill assigns a technical rating of 0 / 10 to BHAT.
What is the current trend direction of BLUE HAT INTERACTIVE ENTERTA (BHAT) stock?
The current trend direction for BLUE HAT INTERACTIVE ENTERTA (BHAT) is Bearish.
Can you provide the RSI signal for BLUE HAT INTERACTIVE ENTERTA?
BLUE HAT INTERACTIVE ENTERTA (BHAT) has an RSI value of 29.1116. This indicates that the stock is currently oversold.
Can you provide the MACD signal for BLUE HAT INTERACTIVE ENTERTA?
The MACD indicator for BLUE HAT INTERACTIVE ENTERTA (BHAT) has a value of -0.0217778, indicating a bearish trend.
What is the short term momentum for BLUE HAT INTERACTIVE ENTERTA (BHAT) stock?
The short term momentum for BLUE HAT INTERACTIVE ENTERTA (BHAT) is negative.