BAKKT HOLDINGS INC (BKKT) Stock Technical Analysis
NYSE:BKKT - New York Stock Exchange, Inc. - US05759B3050 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BKKT. BKKT 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BKKT is part of the Capital Markets industry. There are 233 other stocks in this industry. BKKT outperforms 93% of them.
In the last month BKKT has a been trading in the 11.80 - 19.08 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, BKKT did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BKKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BKKT is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BKKT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.85
18.83
We found 1 important support area.
- Support @12.98 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.63 to 18.64. 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 | NEUTRAL | NEUTRAL | The long term trend for BKKT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKKT is up. |
| ChartMill Relative Strength | 94.3 | POSITIVE | BKKT has a high relative strength, it outperformed 94.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72 | OVERBOUGHT | The high RSI value suggests BKKT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests BKKT has a positive trend. |
| Stochastics (14,3) | 72.54 | NEUTRAL | The Stochastics value for BKKT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for BKKT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.8 | POSITIVE | The high ADX value value for BKKT suggests a strong 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)
18.63
+4.56 (+32.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg32.41%
1 Week44.08%
2 Weeks54.09%
1 Month39.66%
3 Month128.31%
6 Month-31.28%
12 Month4.9%
2 Year-54.84%
3 Year-73.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.59
ATR(20)%8.79%
ATR Inc159.28%
Range Today4.84
ADR(20)1.53
ADR(20)%8.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.3
Mansfield1.23
10 Day High19.08
10 Day Low11.8
20 Day High19.08
20 Day Low11.8
52 Week High37.21
52 Week Low6.81
CS1 End12.42
CR1 Start13.49
Volume & EV
DER(3)7.68%
DER(5)4.24%
Volume2.18M
Volume Incr152.97%
Vol(5)929.74K
Vol(50)467.66K