BK TECHNOLOGIES CORP (BKTI) Stock Technical Analysis
NYSEARCA:BKTI - NYSE Arca - US05587G2030 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BKTI. Although BKTI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BKTI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, BKTI did better than 96% of all other stocks. We also observe that the gains produced by BKTI over the past year are nicely spread over this period.
BKTI is one of the better performing stocks in the Communications Equipment industry, it outperforms 89% of 48 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
BKTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BKTI is lagging the market.
BKTI has an average technical rating and it also does not offer a high 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
28.90
41.82
3 important support areas can be observed.
- Support @39.25 from a horizontal line in the daily time frame.
- Support @37.49 from a trend line in the weekly time frame.
- Support @29.19 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.26 to 41.41. 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 | NEUTRAL | NEUTRAL | The long term trend for BKTI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BKTI is down. |
| ChartMill Relative Strength | 96.63 | POSITIVE | BKTI has a high relative strength, it outperformed 96.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BKTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BKTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKTI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.97 | NEUTRAL | The RSI value for BKTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests BKTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.05 | OVERSOLD | The low Stochastics value suggests BKTI may be oversold. |
| Average True Range in percent/ATR (20) | 7.94 | HIGH VOLATILITY | The high ATR as a percentage value for BKTI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for BKTI suggests a weak or negative 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)
39.92
-0.78 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.92%
1 Week-1.67%
2 Weeks-5.54%
1 Month-26.91%
3 Month-8.48%
6 Month22.79%
12 Month208.26%
2 Year179.36%
3 Year190.33%
5 Year155.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.5
ATR(20)%7.94%
ATR Inc-44.71%
Range Today1.29
ADR(20)3.02
ADR(20)%7.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.63
Mansfield0.94
10 Day High43.55
10 Day Low38.29
20 Day High57.61
20 Day Low38.29
52 Week High58
52 Week Low11.67
CS1 End39.25
CR1 Start40.26
Volume & EV
DER(3)1.94%
DER(5)1.57%
Volume45.50K
Volume Incr-60.32%
Vol(5)49.78K
Vol(50)68.38K