BAKKT HOLDINGS INC -CW26 (BKK.W) Stock Technical Analysis
NYSE:BKK.W - New York Stock Exchange, Inc. -
Taking everything into account, BKK.W scores 8 out of 10 in our technical rating. BKK.W has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
BKK.W is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BKK.W has a been trading in the 0.18 - 0.26 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, BKK.W did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BKK.W 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.
More info and screens
0.13
0.34
We found 4 important support areas.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.20 from a trend line in the daily time frame.
- Support @0.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.34 from a horizontal line in the weekly 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 BKK.W is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKK.W is up. |
| ChartMill Relative Strength | 96.08 | POSITIVE | BKK.W has a high relative strength, it outperformed 96.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKK.W is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKK.W is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BKK.W is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.26 | NEUTRAL | The RSI value for BKK.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BKK.W has a positive trend. |
| Stochastics (14,3) | 80 | NEUTRAL | The Stochastics value for BKK.W is a neutral value. |
| Average True Range in percent/ATR (20) | 9.81 | HIGH VOLATILITY | The high ATR as a percentage value for BKK.W suggests high volalility. |
| Average Directional Index/ADX (14) | 20.86 | NEUTRAL | The ADX value for BKK.W suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 0.27 | 0.21 | 0.06 (22.22%) | 4.50% |
| An entry @0.27. This is a Buy Stop order right above the 10 day high. | An exit @0.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 22.22%. | When investing 4.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
0.2496
+0.02 (+9.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg9.47%
1 Week21.17%
2 Weeks17.18%
1 Month24.8%
3 Month62.08%
6 Month-49.96%
12 Month118.95%
2 Year12.33%
3 Year-58.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%9.81%
ATR Inc4.45%
Range Today0.03
ADR(20)0.02
ADR(20)%9.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.08
Mansfield-0.12
10 Day High0.26
10 Day Low0.2
20 Day High0.26
20 Day Low0.18
52 Week High1.76
52 Week Low0.08
CS1 End0.22
CR1 Start0.34
Volume & EV
DER(3)12.5%
DER(5)9.93%
Volume91.00K
Volume Incr45.45%
Vol(5)86.06K
Vol(50)54.81K