BANK OF NEW YORK MELLON CORP (BK) Technical Analysis
NYSE:BK • US0640581007
We assign a technical rating of 5 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 112.15 - 128.76 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BK did better than 80% 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 241 other stocks in this industry. BK outperforms 87% of them.
- BK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BK is performing more or less in line with the market.
- BK has an average volume of 3639470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is only medium, BK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 115.22, a Stop Loss order could be placed below this zone.
More info and screens
89.87
3 important support areas can be observed.
- A support zone ranging from 113.56 to 115.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.92 from a trend line in the daily time frame.
- Support @90.78 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 116.09 to 119.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @127.61 from a horizontal 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 BK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BK is down. |
| ChartMill Relative Strength | 80 | POSITIVE | BK has a high relative strength, it outperformed 80% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.85 | NEUTRAL | The RSI value for BK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests BK has a negative trend. |
| Stochastics (14,3) | 39.86 | NEUTRAL | The Stochastics value for BK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for BK suggests a weak or negative trend. |
BK Technicals: Chart, Performance Metrics, Trend & Indicators
115.23
-1.48 (-1.27%)
BANK OF NEW YORK MELLON CORP / BK FAQ
Can you provide the ChartMill technical rating for BANK OF NEW YORK MELLON CORP?
ChartMill assigns a technical rating of 5 / 10 to BK.
What is the trend direction for BK stock?
The current trend direction for BANK OF NEW YORK MELLON CORP (BK) is Bullish.
What is the RSI signal for BANK OF NEW YORK MELLON CORP (BK) stock?
BANK OF NEW YORK MELLON CORP (BK) has an RSI value of 41.8504. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BANK OF NEW YORK MELLON CORP?
The short term momentum for BANK OF NEW YORK MELLON CORP (BK) is negative.
What are the support and resistance levels for BANK OF NEW YORK MELLON CORP (BK) stock?
BANK OF NEW YORK MELLON CORP (BK) has a support level at 115.22 and a resistance level at 116.09. Check the full technical report for our detailed analysis of BK support and resistance levels.