BAKKT INC (BKKT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BKKT • US05759B3050
We assign a technical rating of 0 out of 10 to BKKT. BKKT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than BKKT.
- BKKT is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 84% are performing better than BKKT.
- BKKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BKKT has a been trading in the 11.36 - 22.11 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BKKT has an average volume of 1459570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BKKT is bad and it also does not present a quality setup 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
9.06
4 important support areas can be observed.
- Support @11.30 from a trend line in the weekly time frame.
- A support zone ranging from 10.53 to 10.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.00 from a horizontal line in the daily time frame.
- Support @9.15 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @17.05 from a trend line in the daily time frame.
- Resistance @17.62 from a trend 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 | DOWN | NEGATIVE | The long term trend for BKKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BKKT is down. |
| ChartMill Relative Strength | 9.09 | NEGATIVE | BKKT has a low relative strength, it was outperformed by 90.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BKKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BKKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BKKT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.56 | NEUTRAL | The RSI value for BKKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests BKKT has a negative trend. |
| Stochastics (14,3) | 3.79 | OVERSOLD | The low Stochastics value suggests BKKT may be oversold. |
| Average True Range in percent/ATR (20) | 18.35 | HIGH VOLATILITY | The high ATR as a percentage value for BKKT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.3 | NEUTRAL | The ADX value for BKKT suggests a possible start of a new trend. |
11.61
-0.57 (-4.68%)
BAKKT INC / BKKT FAQ
Can you provide the ChartMill technical rating for BAKKT INC?
ChartMill assigns a technical rating of 0 / 10 to BKKT.
Can you provide the trend direction for BAKKT INC?
The current trend direction for BAKKT INC (BKKT) is Bearish.
Can you provide the RSI signal for BAKKT INC?
BAKKT INC (BKKT) has an RSI value of 38.5554. This indicates that the stock is currently neutral.
What is the MACD signal for BKKT stock?
The MACD indicator for BAKKT INC (BKKT) has a value of -0.605391, indicating a bearish trend.
What is the support and resistance level for BKKT stock?
BAKKT INC (BKKT) has a support level at 11.3 and a resistance level at 17.05. Check the full technical report for our detailed analysis of BKKT support and resistance levels.