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BKYI Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Top BKYI on December 26, 2024, netting in a 135.64% gain over 6 days

A.I.dvisor
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+135.64% Gain from a Successful pattern Triangle Symmetrical Top
BKYI - BIO-key International
Tickeron
Ticker: BKYI
Company: BIO-key International
Gain: +135.64%
Confirmed: 12/26/24
Succeeded: 12/30/24
Total length: 6 days
On December 24, 2024, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bullish) for BIO-key International (BKYI, $1.01). On December 26, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $1.80. 4 days later, on December 30, 2024, BKYI reached the target price resulting in a +13 for traders who took a long position in the stock.

BKYI in +118.35% Uptrend, growing for three consecutive days on December 30, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BKYI advanced for three days, in of 194 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 26, 2024. You may want to consider a long position or call options on BKYI as a result. In of 103 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BKYI just turned positive on December 26, 2024. Looking at past instances where BKYI's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

BKYI moved above its 50-day moving average on December 24, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BKYI crossed bullishly above the 50-day moving average on December 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 93 cases where BKYI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BKYI moved out of overbought territory on December 31, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 similar instances where the indicator moved out of overbought territory. In of the 17 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 31 cases where BKYI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BKYI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BKYI broke above its upper Bollinger Band on December 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BKYI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.180) is normal, around the industry mean (28.078). P/E Ratio (0.000) is within average values for comparable stocks, (90.403). BKYI's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.746). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (0.124) is also within normal values, averaging (12.093).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BKYI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.

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General Information

a developer of fingerprint identification biometric technology and software solutions

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
3349 Highway 138
Phone
+1 732 359-1100
Employees
52
Web
https://www.bio-key.com