BONK INC (BNKK) Stock Technical Analysis
NASDAQ:BNKK • US48208F3038
Taking everything into account, BNKK scores 2 out of 10 in our technical rating. BNKK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than BNKK.
- BNKK is one of the lesser performing stocks in the Personal Care Products industry. 91% of 36 stocks in the same industry do better.
- In the last month BNKK has a been trading in the 3.45 - 6.23 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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!
- BNKK has an average volume of 2102210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BNKK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.54
When analyzing the support we notice one important area.
- Support @3.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.91 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.35 from a trend 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 | UP | POSITIVE | The long term trend for BNKK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNKK is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | BNKK has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNKK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNKK is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 45.92 | NEUTRAL | The RSI value for BNKK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BNKK has a negative trend. |
| Stochastics (14,3) | 46.25 | NEUTRAL | The Stochastics value for BNKK is a neutral value. |
| Average True Range in percent/ATR (20) | 13.78 | HIGH VOLATILITY | The high ATR as a percentage value for BNKK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for BNKK suggests a weak or negative trend. |
3.71
-0.18 (-4.63%)
BONK INC / BNKK FAQ
What is the ChartMill technical rating of BONK INC (BNKK) stock?
ChartMill assigns a technical rating of 2 / 10 to BNKK.
What is the trend direction for BNKK stock?
The current trend direction for BONK INC (BNKK) is Bullish.
What is the RSI signal for BONK INC (BNKK) stock?
BONK INC (BNKK) has an RSI value of 45.9207. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BONK INC?
The short term momentum for BONK INC (BNKK) is neutral.
Can you provide the support and resistance levels for BONK INC?
BONK INC (BNKK) has a support level at 3.58 and a resistance level at 3.91. Check the full technical report for our detailed analysis of BNKK support and resistance levels.