BANK OF NEW YORK MELLON CORP (BK)       50.8  +0.23 (+0.45%)

50.8  +0.23 (+0.45%)

US0640581007 - Common Stock - Premarket: 50.75 -0.05 (-0.1%)

Technical Rating

8

Taking everything into account, BK scores 8 out of 10 in our technical rating. Although BK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month BK has a been trading in the 46.93 - 51.26 range, which is quite wide. It is currently trading near the high of this range.
BK has an average volume of 5047870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BK outperforms 50% of them, which is more or less in line with the market.
BK is an average performer in the Capital Markets industry, it outperforms 52% of 205 stocks in the same industry.
BK is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 9.72% 19.56% 16.78% -17.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 50.91 36.22 - 64.63
BK Weekly chart
BK Daily chart

Support/Resistance Analysis


43.64

51.32
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 48.39 to 49.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @45.10 from a trend line in the daily time frame.
  • A support zone ranging from 44.08 to 44.08. 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 50.81 to 50.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

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.


BK Daily chart

BANK OF NEW YORK MELLON CORP50.8

NYSE:BK (2/1/2023, 7:04:00 PM)+0.23 (+0.45%)

Premarket: 50.75 -0.05 (-0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets

Performance
Today 0.45% 1 Week 1.62%
2 Weeks 3.19% 1 Month 9.72%
3 Month 19.56% 6 Month 16.78%

Volatility
ATR(14) 0.98 ATR(20)% 1.9%
ATR Inc 28.84% Range Today 1.35

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 50.91 Mansfield 0.96
10 Day High 51.26 10 Day Low 48.25
20 Day High 51.26 20 Day Low 46.93
52 Week High 64.63 52 Week Low 36.22
CS1 End 49.09 CR1 Start 50.81

Volume & EV
DER(3) 3.03% DER(5) 0.78%
Volume 6.49M Volume Incr -0.99%
Vol(5) 5.87M Vol(50) 5.05M

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