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BDR - Blonder Tongue Labs, Inc

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 0.06%
PRICE $1.16
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Blonder Tongue Labs, Inc Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Buy candidate since 2018-04-03 Gain 41.07%

Blonder Tongue Labs, Inc gained 0.06% in the last trading day, rising from $1.16 to $1.16 The price has risen in 6 of the last 10 days and is up by 33.18% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 76 692 more shares were traded than the day before. In total, 193 506 shares bought and sold for approximately $224 602.

Shorts 0.48% ( 2018-03-29 )
Cash n/a
Loans n/a
Beta 1.95
ROA -2.55

Trend

Blonder Tongue Labs, Inc lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.25 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 57.42% during the next 3 months and, with 90% probability hold a price between $1.12 and $1.98 at the end of this period.

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Signals

Blonder Tongue Labs, Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.15 and $0.81. A break down below any of these levels will issue sell signals. Blonder Tongue Labs, Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday April 18, 2018, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.09 and $0.93. On the upside the stock meets some resistance from accumulated volume at $1.23, $1.24.

There is 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, Blonder Tongue Labs, Inc finds support just below today's level at $1.09. If this is broken, then the next support from accumulated volume will be at $0.93 and $0.90.

Support: $1.09 Price: $1.16 Resistance: $1.23

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.08 between high and low, or 6.96%. For the last week, the stock has had a daily average volatility of 12.25%.

Our recommended stoploss: $1.06 (-8.40%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

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