BALLANTYNE STRONG INC (BTN) Technical Analysis
NYSEARCA:BTN • US0585161054
Current stock price
BTN Technical Rating and Analysis
Taking everything into account, BTN scores 6 out of 10 in our technical rating. 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.
- BTN is one of the better performing stocks in the Entertainment industry, it outperforms 82% of 79 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, BTN did better than 83% of all other 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 currently trading near new highs, so BTN is lagging the market.
- 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 Weekly and Daily overview Charts
BTN Setup Rating and Analysis
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.
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BTN Support and Resistance Analysis
2.20
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.
BTN 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.
| 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. |
BTN Chart- and CandleStick Pattern Analysis
BTN Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:BTN (12/23/2022, 8:27:18 PM)
2.58
-0.02 (-0.96%)
BALLANTYNE STRONG INC / BTN TA FAQ
What is the technical rating for BTN stock?
ChartMill assigns a technical rating of 5 / 10 to BTN.
Can you provide the trend direction for BALLANTYNE STRONG INC?
The current trend direction for BALLANTYNE STRONG INC (BTN) is Bearish.
Can you provide the RSI signal for BALLANTYNE STRONG INC?
BALLANTYNE STRONG INC (BTN) has an RSI value of 52.6042. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BALLANTYNE STRONG INC?
BALLANTYNE STRONG INC (BTN) has a support level at 2.45 and a resistance level at 2.61. Check the full technical report for our detailed analysis of BTN support and resistance levels.