BANK OF NEW YORK MELLON CORP (BK)
US0640581007 - Common Stock
We assign a technical rating of 10 out of 10 to BK. Both in the recent history as in the last year, BK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BK did better than 91% of all other stocks. We also observe that the gains produced by BK over the past year are nicely spread over this period.
BK is part of the Capital Markets industry. There are 218 other stocks in this industry. BK outperforms 86% of them.
BK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
BK has an average volume of 4062490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BK has a been trading in the 74.30 - 80.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 77.77, a Stop Loss order could be placed below this zone.
More info and screens
63.77
79.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 76.82 to 77.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 73.61 to 75.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.36 to 69.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.66 to 78.68. 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
CRS91.28
Mansfield1.56
10 Day High80.29
10 Day Low75.1
20 Day High80.29
20 Day Low74.3
52 Week High80.29
52 Week Low46.81
Performance
1 Week-0.04%
2 Weeks4.87%
1 Month3.65%
3 Month18.45%
6 Month33.1%
12 Month66.1%
2 Year71.35%
3 Year43.55%
5 Year60.61%
10 Year96.48%
15 Year195.23%
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)-0.02
RSI(14)63.91
LBB74.57
UBB79.62
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 |
|---|---|---|---|
| 78.69 | 76.81 | 1.88 (2.39%) | 25.00% |
| An entry @78.69. This is a Buy Stop order right above the resistance zone. | An exit @76.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.88 points, which is 2.39%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BK. Please evaluate whether better entry and exit points can be found.
- 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.
BANK OF NEW YORK MELLON CORP
NYSE:BK (11/18/2024, 8:11:38 PM)
Premarket: 77.8 -0.85 (-1.08%)78.65
+0.36 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.46%
1 Week-0.04%
2 Weeks4.87%
1 Month3.65%
3 Month18.45%
6 Month33.1%
12 Month66.1%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.37
ATR(20)%1.6%
ATR Inc
Range Today0.81
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High80.29
10 Day Low75.1
20 Day High80.29
20 Day Low74.3
52 Week High80.29
52 Week Low46.81
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.64M
Volume Incr8.04%
Vol(5)3.97M
Vol(50)4.06M