BANK OF NEW YORK MELLON CORP (BK) Technical Analysis
NYSE:BK • US0640581007
Current stock price
BK Technical Rating and Analysis
Taking everything into account, BK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BK is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BK is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, BK also shows a nice and consistent pattern of rising prices.
- BK is one of the better performing stocks in the Capital Markets industry, it outperforms 89% of 240 stocks in the same industry.
- BK is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BK has a been trading in the 112.94 - 132.35 range, which is quite wide. It is currently trading near the high of this range.
- BK has an average volume of 3703750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BK Weekly and Daily overview Charts
BK Setup Rating and Analysis
Although BK has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
BK Support and Resistance Analysis
92.04
We found 4 important support areas.
- A support zone ranging from 119.81 to 121.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 113.56 to 117.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @111.26 from a trend line in the daily time frame.
- Support @92.97 from a trend line in the weekly time frame.
BK Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for BK is up. |
| ChartMill Relative Strength | 86.77 | POSITIVE | BK has a high relative strength, it outperformed 86.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BK is above the rising 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) | 75.92 | OVERBOUGHT | The high RSI value suggests BK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.32 | POSITIVE | The MACD value suggests BK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.96 | OVERBOUGHT | The high Stochastics value suggests BK may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for BK suggests low volalility. |
| Average Directional Index/ADX (14) | 25.18 | POSITIVE | The high ADX value value for BK suggests a strong trend. |
BK Chart- and CandleStick Pattern Analysis
BK Technicals: Chart, Performance Metrics, Trend & Indicators
131.96
+1.45 (+1.11%)
BANK OF NEW YORK MELLON CORP / BK TA FAQ
Can you provide the ChartMill technical rating for BANK OF NEW YORK MELLON CORP?
ChartMill assigns a technical rating of 10 / 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.
Can you provide the RSI signal for BANK OF NEW YORK MELLON CORP?
BANK OF NEW YORK MELLON CORP (BK) has an RSI value of 75.9195. This indicates that the stock is currently overbought.
What is the short term momentum for BK stock?
The short term momentum for BANK OF NEW YORK MELLON CORP (BK) is positive.
What is the buy/sell signal for BANK OF NEW YORK MELLON CORP (BK) stock?
The buy/sell signal for BANK OF NEW YORK MELLON CORP (BK) is buy as both the short term and long term trends are positive.