BAKKT INC (BKKT) Stock Technical Analysis
NYSE:BKKT • US05759B3050
Taking everything into account, BKKT scores 0 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, BKKT is a bad performer in the overall market: 91% of all stocks are doing better.
- BKKT is one of the lesser performing stocks in the Capital Markets industry. 81% of 238 stocks in the same industry do better.
- BKKT 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.
- In the last month BKKT has a been trading in the 9.77 - 22.11 range, which is quite wide. It is currently trading near the lows of this range.
- BKKT has an average volume of 1468800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BKKT has a poor technical rating and the quality of the setup is also not perfect 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
8.81
We found 3 important support areas.
- A support zone ranging from 9.89 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.18 from a trend line in the weekly time frame.
- Support @8.90 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @14.87 from a trend line in the daily time frame.
- Resistance @16.35 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 | 9.2 | NEGATIVE | BKKT has a low relative strength, it was outperformed by 90.8% 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) | 37.31 | NEUTRAL | The RSI value for BKKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests BKKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.03 | OVERSOLD | The low Stochastics value suggests BKKT may be oversold. |
| Average True Range in percent/ATR (20) | 16.72 | HIGH VOLATILITY | The high ATR as a percentage value for BKKT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.61 | NEUTRAL | The ADX value for BKKT suggests a possible start of a new trend. |
10.06
-0.34 (-3.27%)
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 37.3145. 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 -0.429534, indicating a bearish trend.
What is the support and resistance level for BKKT stock?
BAKKT INC (BKKT) has a support level at 10.05 and a resistance level at 14.87. Check the full technical report for our detailed analysis of BKKT support and resistance levels.