NYSEARCA:BTN - NYSE Arca - US0585161054 - Common Stock - Currency: USD
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.
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.
2.20
When analyzing the support we can see 4 important areas.
We can see 2 important resistance areas.
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. |
NYSEARCA:BTN (12/23/2022, 8:27:18 PM)
2.58
-0.02 (-0.96%)