BTL Group Stock Forecast

BTL Group stock downgraded to Sell Candidate
(Updated on May 07, 2024)

BTLLF Signals & Forecast

There are few to no technical positive signals at the moment. The BTL Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.80 and $0.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for BTL Group stock

BTL Group finds support from accumulated volume at $0.781 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.24%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BTLLF) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect BTL Group to open at $0.80, and during the day (based on 14 day Average True Range), to move between $0.768 and $0.83, which gives a possible trading interval of +/-$0.0323 (+/-4.03%) up or down from last closing price. If BTL Group takes out the full calculated possible swing range there will be an estimated 8.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.781 (2.41%) than the resistance at $0.85 (6.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BTL Group stock A Buy?

BTL Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.828 Sell Candidate Downgraded

Predicted Opening Price for BTL Group of Wednesday, May 8, 2024

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