BK TECHNOLOGIES CORP (BKTI) Stock Technical Analysis
NYSEARCA:BKTI - NYSE Arca - US05587G2030 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BKTI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BKTI is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, BKTI did better than 98% 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 part of the Communications Equipment industry. There are 50 other stocks in this industry. BKTI outperforms 91% of them.
BKTI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BKTI is lagging the market slightly.
In the last month BKTI has a been trading in the 41.25 - 58.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BKTI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for BKTI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
35.77
48.97
We found 4 important support areas.
- A support zone ranging from 43.80 to 44.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.98 to 42.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 41.24 to 41.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.13 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 | UP | POSITIVE | The long term trend for BKTI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BKTI is neutral. |
| ChartMill Relative Strength | 98.13 | POSITIVE | BKTI has a high relative strength, it outperformed 98.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKTI is above the rising 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) | 51.96 | NEUTRAL | The RSI value for BKTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BKTI has a negative trend. |
| Stochastics (14,3) | 36.88 | NEUTRAL | The Stochastics value for BKTI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for BKTI suggests high volalility. |
| Average Directional Index/ADX (14) | 31.35 | POSITIVE | The high ADX value value for BKTI 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.12 | 44.49 | 6.63 (12.97%) | 7.71% |
| An entry @51.12. This is a Buy Stop order right above the 10 day moving average. | An exit @44.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.63 points, which is 12.97%. | When investing 7.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BKTI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.49
+1.83 (+3.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg3.92%
1 Week-10.62%
2 Weeks3.26%
1 Month14.01%
3 Month23.42%
6 Month45.7%
12 Month287.3%
2 Year239.33%
3 Year252.66%
5 Year209.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.87
ATR(20)%8.31%
ATR Inc-37.54%
Range Today2.57
ADR(20)3.68
ADR(20)%7.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.13
Mansfield4.17
10 Day High58
10 Day Low44.5
20 Day High58
20 Day Low41.25
52 Week High58
52 Week Low11.67
CS1 End43.16
CR1 StartN/A
Volume & EV
DER(3)3.91%
DER(5)0.95%
Volume64.20K
Volume Incr221.58%
Vol(5)188.99K
Vol(50)57.10K