BANK OF NEW YORK MELLON CORP (BK) Stock Technical Analysis
NYSE:BK - New York Stock Exchange, Inc. - US0640581007 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BK. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BK has a been trading in the 83.89 - 90.34 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, BK did better than 93% of all other stocks. On top of that, BK also shows a nice and consistent pattern of rising prices.
BK is part of the Capital Markets industry. There are 225 other stocks in this industry. BK outperforms 95% of them.
BK is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so BK slightly outperforms the market at the moment.
BK has an average volume of 4005440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 88.90. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
74.45
89.84
2 important support areas can be observed.
- A support zone ranging from 80.06 to 80.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 75.20 to 76.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 88.90 to 88.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.53
Mansfield2.04
10 Day High90.34
10 Day Low83.89
20 Day High90.34
20 Day Low83.89
52 Week High90.34
52 Week Low52.64
Performance
1 Week-3.5%
2 Weeks-1.62%
1 Month-0.65%
3 Month6.62%
6 Month29.26%
12 Month54.75%
2 Year88.91%
3 Year72.96%
5 Year154.87%
10 Year113.32%
15 Year177.98%
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)
Technical Indicators
MACD(12,26,9)-0.46
RSI(14)49.77
LBB84.64
UBB89.58
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.96 | 83.88 | 5.08 (5.71%) | 17.51% |
| An entry @88.96. This is a Buy Stop order right above the resistance zone. | An exit @83.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.08 points, which is 5.71%. | For a 1.00% total portfolio risk, you can invest 17.51% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
85.84
+1.15 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.36%
1 Week-3.5%
2 Weeks-1.62%
1 Month-0.65%
3 Month6.62%
6 Month29.26%
12 Month54.75%
2 Year88.91%
3 Year72.96%
5 Year154.87%
10 Year113.32%
15 Year177.98%
Volatility
ATR(14)2.15
ATR(20)%2.25%
ATR Inc18.78%
Range Today2.25
ADR(20)1.83
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.53
Mansfield2.04
10 Day High90.34
10 Day Low83.89
20 Day High90.34
20 Day Low83.89
52 Week High90.34
52 Week Low52.64
CS1 End80.3
CR1 Start88.9
Volume & EV
DER(3)-1.13%
DER(5)-0.68%
Volume6.46M
Volume Incr12.17%
Vol(5)4.77M
Vol(50)4.01M