BALLANTYNE STRONG INC (BTN) Stock Technical Analysis
NYSEARCA:BTN - NYSE Arca - US0585161054 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BTN. Although BTN has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 an average performer in the Entertainment industry, it outperforms 67% of 72 stocks in the same industry.
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.
BTN has only a medium technical rating, but it does show a decent setup pattern. 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.
More info and screens
2.20
2.90
We found 4 important support 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.
When analyzing the resistance we notice 2 important 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.
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 | NEUTRAL | NEUTRAL | The long term trend for BTN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTN is neutral. |
| ChartMill Relative Strength | 83.08 | POSITIVE | BTN has a high relative strength, it outperformed 83.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for BTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BTN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.36 | NEUTRAL | The Stochastics value for BTN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.3 | HIGH VOLATILITY | The high ATR as a percentage value for BTN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.27 | NEGATIVE | The low ADX value for BTN suggests a weak or negative trend. |
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)
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