BANK OF NEW YORK MELLON CORP (BK) Stock Technical Analysis
NYSE:BK - New York Stock Exchange, Inc. - US0640581007 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BK. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BK did better than 91% 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 230 other stocks in this industry. BK outperforms 94% of them.
BK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BK is leading the market.
In the last month BK has a been trading in the 77.49 - 90.63 range, which is quite wide. It is currently trading near the high of this range.
BK has an average volume of 4285930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although BK has an excellent technical rating, the quality of the presented setup is not ideal 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
74.09
91.23
We found 2 important support areas.
- A support zone ranging from 88.32 to 88.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.84 to 76.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 90.07 to 90.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.64
Mansfield1.59
10 Day High90.63
10 Day Low84.54
20 Day High90.63
20 Day Low77.49
52 Week High90.63
52 Week Low57.18
Performance
1 Week1.09%
2 Weeks5.9%
1 Month14.37%
3 Month1.89%
6 Month10.93%
12 Month50.45%
2 Year121.14%
3 Year90.73%
5 Year139.17%
10 Year105.03%
15 Year226.84%
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)0.6
RSI(14)67.84
LBB80.97
UBB92.51
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 90.34 | 88.31 | 2.03 (2.25%) | 25.00% |
| An entry @90.34. This is a Buy Stop order right above the resistance zone. | An exit @88.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.03 points, which is 2.25%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
88.9
-1.2 (-1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.33%
1 Week1.09%
2 Weeks5.9%
1 Month14.37%
3 Month1.89%
6 Month10.93%
12 Month50.45%
2 Year121.14%
3 Year90.73%
5 Year139.17%
10 Year105.03%
15 Year226.84%
Volatility
ATR(14)1.6
ATR(20)%1.83%
ATR Inc-37.81%
Range Today1.14
ADR(20)1.5
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.64
Mansfield1.59
10 Day High90.63
10 Day Low84.54
20 Day High90.63
20 Day Low77.49
52 Week High90.63
52 Week Low57.18
CS1 End88.89
CR1 Start90.07
Volume & EV
DER(3)0.13%
DER(5)0.84%
Volume6.47M
Volume Incr20.99%
Vol(5)4.63M
Vol(50)4.29M