BANK OF NEW YORK MELLON CORP (BK) Stock Technical Analysis
NYSE:BK - New York Stock Exchange, Inc. - US0640581007 - Common Stock - Currency: USD
Overall BK gets a technical rating of 10 out of 10. 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 89% 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 237 other stocks in this industry. BK outperforms 88% of them.
BK is currently trading near its 52 week high, which is a good sign. 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 92.47 - 103.16 range, which is quite wide. It is currently trading near the high of this range.
BK has an average volume of 4194680 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, it does not present a decent entry opportunity 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
74.45
103.32
We found 3 important support areas.
- A support zone ranging from 88.33 to 88.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.82 from a trend line in the weekly time frame.
- Strong support @75.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 101.42 to 102.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.68 | POSITIVE | BK has a high relative strength, it outperformed 89.68% 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) | 69.31 | NEUTRAL | The RSI value for BK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.81 | NEUTRAL | The Stochastics value for BK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for BK suggests low volalility. |
| Average Directional Index/ADX (14) | 40.56 | POSITIVE | The high ADX value value for BK suggests a strong trend. |
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)
101.41
+1.6 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.6%
1 Week0.78%
2 Weeks2.85%
1 Month8.75%
3 Month18.04%
6 Month17.71%
12 Month59%
2 Year126.01%
3 Year144.19%
5 Year174.23%
10 Year154.8%
15 Year318.01%
Volatility
ATR(14)1.8
ATR(20)%1.71%
ATR Inc32.7%
Range Today1.34
ADR(20)1.65
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.68
Mansfield1.47
10 Day High103.16
10 Day Low98.03
20 Day High103.16
20 Day Low92.47
52 Week High103.16
52 Week Low62.83
CS1 End88.9
CR1 Start101.42
Volume & EV
DER(3)-0.42%
DER(5)-0.15%
Volume2.34M
Volume Incr-26.67%
Vol(5)3.37M
Vol(50)4.19M