BKTI Technical Analysis - BK TECHNOLOGIES CORP

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to BKTI. Both in the recent history as in the last year, BKTI has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that BKTI is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, BKTI also shows a nice and consistent pattern of rising prices.

BKTI is one of the better performing stocks in the Communications Equipment industry, it outperforms 93% of 48 stocks in the same industry.

BKTI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BKTI has a been trading in the 65.94 - 77.63 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

BK TECHNOLOGIES CORP / BKTI Weekly stock chart

BK TECHNOLOGIES CORP / BKTI Daily stock chart

Setup Rating and Analysis

BKTI has an excellent technical rating, but the quality of the setup is only medium 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

36.68

78.41

When analyzing the support we can see 3 important areas.

A support zone ranging from 66.39 to 66.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 41.12 to 41.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @37.05 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for BKTI is up.
ChartMill Relative Strength	97.82	POSITIVE	BKTI has a high relative strength, it outperformed 97.82% 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)	70.38	OVERBOUGHT	The high RSI value suggests BKTI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests BKTI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	90.04	OVERBOUGHT	The high Stochastics value suggests BKTI may be overbought.
Average True Range in percent/ATR (20)	4.62	MEDIUM VOLATILITY	The ATR as a percentage value for BKTI suggests some volalility.
Average Directional Index/ADX (14)	52.66	POSITIVE	The high ADX value value for BKTI suggests a strong trend.