Black Knight Inc (BKI) Stock Technical Analysis
NYSE:BKI • US09215C1053
Taking everything into account, BKI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BKI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- BKI is one of the better performing stocks in the Software industry, it outperforms 96% of 276 stocks in the same industry.
- BKI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- BKI has an average volume of 3262400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BKI is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month BKI has a been trading in a tight range between 74.13 and 75.99.
- Volume is considerably higher in the last couple of days.
Although BKI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 74.32 to 75.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.30 from a trend line in the daily time frame.
- Support @58.30 from a horizontal line in the daily time frame.
- A support zone ranging from 54.58 to 55.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 75.77 to 76.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BKI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKI is up. |
| ChartMill Relative Strength | 91.98 | POSITIVE | BKI has a high relative strength, it outperformed 91.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.83 | OVERBOUGHT | The high RSI value suggests BKI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests BKI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.52 | OVERBOUGHT | The high Stochastics value suggests BKI may be overbought. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for BKI suggests low volalility. |
| Average Directional Index/ADX (14) | 62.76 | POSITIVE | The high ADX value value for BKI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.07 | 74.19 | 1.88 (2.47%) | 25.00% |
| An entry @76.07. This is a Buy Stop order right above the resistance zone. | An exit @74.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.88 points, which is 2.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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Black Knight Inc / BKI FAQ
What is the ChartMill technical rating of Black Knight Inc (BKI) stock?
ChartMill assigns a technical rating of 8 / 10 to BKI.
What is the trend direction for BKI stock?
The current trend direction for Black Knight Inc (BKI) is Bullish.
What is the RSI signal for Black Knight Inc (BKI) stock?
Black Knight Inc (BKI) has an RSI value of 81.8284. This indicates that the stock is currently overbought.
What is the short term momentum for BKI stock?
The short term momentum for Black Knight Inc (BKI) is positive.
What is the buy/sell signal for BKI stock?
The buy/sell signal for Black Knight Inc (BKI) is buy as both the short term and long term trends are positive.