BKYI Technical Analysis - BIO-KEY INTERNATIONAL INC

Technical Rating and Analysis

Overall BKYI gets a technical rating of 1 out of 10. BKYI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

69% of all other stocks performed better in the past year than BKYI.

BKYI 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.

BKYI 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.

BKYI is part of the Software industry. There are 282 other stocks in this industry, BKYI did better than 54% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BIO-KEY INTERNATIONAL INC / BKYI Weekly stock chart

BIO-KEY INTERNATIONAL INC / BKYI Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, BKYI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.73, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.70

1.40

2 important support areas can be observed.

Support @0.73 from a horizontal line in the daily time frame.
Support @0.71 from a trend line in the daily time frame.

5 important resistance areas can be observed.

A resistance zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.80 to 0.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.82 from a trend line in the daily time frame.
Resistance @0.85 from a horizontal line in the daily time frame.
Resistance @1.39 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for BKYI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BKYI is neutral.
ChartMill Relative Strength	31.24	NEUTRAL	BKYI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BKYI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BKYI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BKYI is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.52	NEUTRAL	The RSI value for BKYI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests BKYI has a negative trend.
Stochastics (14,3)	38.53	NEUTRAL	The Stochastics value for BKYI is a neutral value.
Average True Range in percent/ATR (20)	5.2	HIGH VOLATILITY	The high ATR as a percentage value for BKYI suggests high volalility.
Average Directional Index/ADX (14)	16.94	NEGATIVE	The low ADX value for BKYI suggests a weak or negative trend.