BALLANTYNE STRONG INC (BTN) Stock Technical Analysis
NYSEARCA:BTN - NYSE Arca - US0585161054 - Common Stock - Currency: USD
Overall BTN gets a technical rating of 6 out of 10. 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.
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 part of the Entertainment industry. There are 71 other stocks in this industry, BTN did better than 70% of them.
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 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
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.
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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)52.6
LBB2.39
UBB2.85
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