BANK OF NEW YORK MELLON CORP (BK) Technical Analysis
NYSE:BK • US0640581007
Current stock price
BK Technical Rating and Analysis
Overall BK gets a technical rating of 5 out of 10. In the last year, BK was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month BK has a been trading in the 111.71 - 123.14 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BK did better than 83% 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 239 other stocks in this industry. BK outperforms 88% 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 3797930 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.
BK Weekly and Daily overview Charts
BK Setup Rating and Analysis
BK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 115.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 114.93, a Stop Loss order could be placed below this zone.
More info and screens
BK Support and Resistance Analysis
90.59
We found 4 important support areas.
- A support zone ranging from 113.56 to 114.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @110.42 from a trend line in the daily time frame.
- Support @103.69 from a horizontal line in the daily time frame.
- Support @91.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 115.16 to 116.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 124.32 to 124.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @127.61 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for BK is down. |
| ChartMill Relative Strength | 83.1 | POSITIVE | BK has a high relative strength, it outperformed 83.1% 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) | 42.56 | NEUTRAL | The RSI value for BK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests BK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.32 | NEUTRAL | The Stochastics value for BK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for BK suggests a possible start of a new trend. |
BK Chart- and CandleStick Pattern Analysis
BK Technicals: Chart, Performance Metrics, Trend & Indicators
114.94
+0.04 (+0.03%)
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 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 42.5589. 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 114.93 and a resistance level at 115.16. Check the full technical report for our detailed analysis of BK support and resistance levels.