BT Brands, Inc. Stock Forecast

Red day on Friday for BT Brands, Inc.
(Updated on May 03, 2024)

BTBDW Signals & Forecast

The BT Brands, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.108. On a fall, the stock will find some support from the long-term average at approximately $0.101. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, March 08, 2024 and based on theory for this formation the price should fall by -21.53% to $0.0832 within 13 trading days since signal was issued (Monday, May 06, 2024).

Support, Risk & Stop-loss for BT Brands, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0900 and $0.0895. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BT Brands, Inc. finds support just below today's level at $0.0900. If this is broken, then the next support from accumulated volume will be at $0.0895 and $0.0800.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 48.84%

Our recommended stop-loss: $0.0995 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (BTBDW) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect BT Brands, Inc. to open at $0.106, and during the day (based on 14 day Average True Range), to move between $0.0853 and $0.127, which gives a possible trading interval of +/-$0.0207 (+/-19.57%) up or down from last closing price. If BT Brands, Inc. takes out the full calculated possible swing range there will be an estimated 39.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.110 (3.77%) than the support at $0.0900 (15.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is BT Brands, Inc. stock A Buy?

BT Brands, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.289 Hold/Accumulate Unchanged

Predicted Opening Price for BT Brands, Inc. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.