BAKKT HOLDINGS INC (BKKT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BKKT - US05759B3050 - Common Stock
Taking everything into account, BKKT scores 0 out of 10 in our technical rating. BKKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
8.05
4 important support areas can be observed.
- Support @10.53 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.00 to 10.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 8.85 to 8.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.55 to 10.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 5.35 | NEGATIVE | BKKT has a low relative strength, it was outperformed by 94.65% 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) | DOWN | NEGATIVE | The current price of BKKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.59 | NEUTRAL | The RSI value for BKKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests BKKT has a positive trend. |
| Stochastics (14,3) | 11.86 | OVERSOLD | The low Stochastics value suggests BKKT may be oversold. |
| Average True Range in percent/ATR (20) | 11.83 | HIGH VOLATILITY | The high ATR as a percentage value for BKKT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.23 | POSITIVE | The high ADX value value for BKKT suggests a strong trend. |
10.54
-0.26 (-2.41%)
BAKKT HOLDINGS INC / BKKT FAQ
Can you provide the ChartMill technical rating for BAKKT HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to BKKT.
What is the current trend direction of BAKKT HOLDINGS INC (BKKT) stock?
The current trend direction for BAKKT HOLDINGS INC (BKKT) is Bearish.
Can you provide the RSI signal for BAKKT HOLDINGS INC?
BAKKT HOLDINGS INC (BKKT) has an RSI value of 34.5883. This indicates that the stock is currently neutral.
What is the MACD signal for BAKKT HOLDINGS INC (BKKT) stock?
The MACD indicator for BAKKT HOLDINGS INC (BKKT) has a value of 0.279721, indicating a bearish trend.
Can you provide the buy/sell signal for BAKKT HOLDINGS INC?
The buy/sell signal for BAKKT HOLDINGS INC (BKKT) is sell as both the short term and long term trends are negative.