BLACK IRON INC (BKI.CA) Stock Technical Analysis
Canada - TSX:BKI - CA09214V1040 - Common Stock
We assign a technical rating of 3 out of 10 to BKI. Although BKI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BKI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BKI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.09 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.14 from a trend line in the daily time frame.
- Resistance @0.15 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BKI.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BKI.CA is down. |
| ChartMill Relative Strength | 89.82 | POSITIVE | BKI.CA has a high relative strength, it outperformed 89.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BKI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BKI.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BKI.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for BKI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BKI.CA has a negative trend. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for BKI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for BKI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for BKI.CA suggests a weak or negative trend. |
TSX:BKI (10/3/2025, 7:00:00 PM)
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