BANK OF NEW YORK MELLON CORP (BK) Stock Technical Analysis
NYSE:BK • US0640581007
Overall BK gets a technical rating of 8 out of 10. 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 112.83 - 128.76 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, BK did better than 79% 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 one of the better performing stocks in the Capital Markets industry, it outperforms 86% of 238 stocks in the same industry.
- BK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BK is lagging the market slightly.
- BK has an average volume of 3796660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BK has an excellent technical rating, but 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.
More info and screens
88.79
5 important support areas can be observed.
- A support zone ranging from 114.91 to 114.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @111.12 from a trend line in the daily time frame.
- Support @106.43 from a horizontal line in the weekly time frame.
- Support @103.69 from a horizontal line in the daily time frame.
- Support @89.69 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 118.91 to 121.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for BK is neutral. |
| ChartMill Relative Strength | 79.59 | POSITIVE | BK has a high relative strength, it outperformed 79.59% 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) | UP | MIXED | The current price of BK is below 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) | 45.68 | NEUTRAL | The RSI value for BK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests BK has a negative trend. |
| Stochastics (14,3) | 26.15 | NEUTRAL | The Stochastics value for BK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for BK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for BK suggests a possible start of a new trend. |
117.74
+2.83 (+2.46%)
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 8 / 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 45.6766. 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 neutral.
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 114.95 and a resistance level at 118.91. Check the full technical report for our detailed analysis of BK support and resistance levels.