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BALLANTYNE STRONG INC (BTN) Stock Technical Analysis

NYSEARCA:BTN - NYSE Arca - US0585161054 - Common Stock - Currency: USD

2.58  -0.02 (-0.96%)

Technical Rating and Analysis

6

Taking everything into account, BTN scores 6 out of 10 in our technical rating. In the past year, BTN was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.

Warning: BTN has an average volume of 16640 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BTN is part of the Entertainment industry. There are 72 other stocks in this industry. BTN outperforms 77% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that BTN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BTN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BTN is lagging the market slightly.
In the last month BTN has a been trading in the 2.26 - 2.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BALLANTYNE STRONG INC / BTN Weekly stock chart
BALLANTYNE STRONG INC / BTN Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is only medium, BTN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.45, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

2.20

2.90

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 2.43 to 2.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.39 from a horizontal line in the daily time frame.
  • Support @2.34 from a trend line in the daily time frame.
  • Support @2.22 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 2.61 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.83 to 2.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IndicatorNEUTRALNEUTRALThe long term trend for BTN is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for BTN is neutral.
ChartMill Relative Strength83.08POSITIVEBTN has a high relative strength, it outperformed 83.08% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of BTN is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of BTN is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BTN is below a declining SMA(200).
Relative Strength Index/RSI (14)52.6NEUTRALThe RSI value for BTN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.02NEGATIVEThe MACD value suggests BTN has a negative trend, although the MACD value is rising.
Stochastics (14,3)31.36NEUTRALThe Stochastics value for BTN is a neutral value.
Average True Range in percent/ATR (20)8.3HIGH VOLATILITYThe high ATR as a percentage value for BTN suggests high volalility.
Average Directional Index/ADX (14)15.27NEGATIVEThe low ADX value for BTN suggests a weak or negative 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)
BALLANTYNE STRONG INC / BTN Daily stock chart

BALLANTYNE STRONG INC

NYSEARCA:BTN (12/23/2022, 8:27:18 PM)

2.58

-0.02 (-0.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.96%
1 Week1.98%
2 Weeks-0.77%
1 Month13.17%
3 Month22.86%
6 Month5.74%
12 Month-12.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%8.3%
ATR Inc25.31%
Range Today0.12
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
CRS83.08
Mansfield0.28
10 Day High2.86
10 Day Low2.4
20 Day High2.99
20 Day Low2.26
52 Week High3.43
52 Week Low1.93
CS1 End2.45
CR1 Start2.61
Volume & EV
DER(3)-0.11%
DER(5)2.76%
Volume5.80K
Volume Incr-53.01%
Vol(5)8.54K
Vol(50)16.64K