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.
In the last month BKTI has a been trading in the 37.70 - 50.94 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BKTI did better than 96% of all other 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 89% of 48 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 also 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
27.64
41.82
3 important support areas can be observed.
- A support zone ranging from 37.94 to 38.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.29 from a trend line in the daily time frame.
- Support @27.92 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @41.41 from a horizontal line in the daily 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 | 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 | 96.54 | POSITIVE | BKTI has a high relative strength, it outperformed 96.54% 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) | 42.42 | NEUTRAL | The RSI value for BKTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests BKTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.26 | NEUTRAL | The Stochastics value for BKTI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for BKTI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.09 | 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)
40.01
-0.04 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.1%
1 Week-1.7%
2 Weeks-0.37%
1 Month-15.11%
3 Month-15.36%
6 Month19.58%
12 Month212.58%
2 Year179.99%
3 Year190.98%
5 Year155.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.99
ATR(20)%6.07%
ATR Inc5.09%
Range Today1.38
ADR(20)2.32
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.54
Mansfield0.81
10 Day High42.86
10 Day Low37.7
20 Day High50.94
20 Day Low37.7
52 Week High58
52 Week Low11.67
CS1 End38.02
CR1 Start41.41
Volume & EV
DER(3)-0.04%
DER(5)1.26%
Volume28.50K
Volume Incr-56.04%
Vol(5)45.86K
Vol(50)68.93K