BANK OF NEW YORK MELLON CORP (BK)

US0640581007 - Common Stock

55.25  +0.79 (+1.45%)

After market: 55.25 0 (0%)

Technical Rating and Analysis

4

We assign a technical rating of 4 out of 10 to BK. In the last year, BK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

BK is one of the better performing stocks in the Capital Markets industry, it outperforms 78% of 209 stocks in the same industry.
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 3740220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, BK did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month BK has a been trading in the 52.64 - 58.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
BK Weekly chart
BK Daily chart
Setup Rating and Analysis

5

BK has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

39.75

58.25

3 important support areas can be observed.

  • A support zone ranging from 53.89 to 55.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @42.99 from a trend line in the weekly time frame.
  • Support @40.15 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 55.59 to 56.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 57.63 to 57.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.29
Mansfield0.62
10 Day High57.42
10 Day Low52.64
20 Day High58.28
20 Day Low52.64
52 Week High58.28
52 Week Low39.65
Performance
1 Week-0.22%
2 Weeks-2.68%
1 Month-1.6%
3 Month0.38%
6 Month32.62%
12 Month25.43%
2 Year31.36%
3 Year10.77%
5 Year11.26%
10 Year63.12%
15 Year116.84%
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)-0.29
RSI(14)46.05
LBB53.78
UBB58.26
BK Daily chart

BANK OF NEW YORK MELLON CORP

NYSE:BK (4/18/2024, 7:04:00 PM)

After market: 55.25 0 (0%)

55.25

+0.79 (+1.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.45%
1 Week-0.22%
2 Weeks-2.68%
1 Month-1.6%
3 Month0.38%
6 Month32.62%
12 Month25.43%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.21
ATR(20)%2%
ATR Inc
Range Today0.78
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 High57.42
10 Day Low52.64
20 Day High58.28
20 Day Low52.64
52 Week High58.28
52 Week Low39.65
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.47M
Volume Incr58.41%
Vol(5)5.46M
Vol(50)3.74M