Blonder Tongue Labs, Inc Stock Analysis
Technical stock analysis for 18 January 2019
|Shorts||5.01% ( 2018-12-31 )|
Blonder Tongue Labs, Inc gained 1.22% in the last trading day, rising from $1.16 to $1.17 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 4.84% over the past 2 weeks. Volume fell in the last day by -99 945 shares, and in total, 24 521 shares bought and sold for approximately $28 792.60. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the BDR stock was $1.17. This is 1.22% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 8.46% from a day low at $1.12 to a day high of $1.21.
30 day high of the BDR stock price was $1.29 and low was $1.03.
90 day high was $1.29 and low was $0.83.
52 week high for the Blonder Tongue Labs, Inc - $2.20 and low - $0.50.
Blonder Tongue Labs, Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.7% during the next 3 months and, with 90% probability hold a price between $1.23 and $1.57 at the end of this period.
Blonder Tongue Labs, Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $1.13 and $1.15. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 11, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Blonder Tongue Labs, Inc finds support from accumulated volume at $1.15.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $1.13 (-3.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.