BANK OF NEW YORK MELLON CORP (BK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BK - US0640581007 - Common Stock
We assign a technical rating of 9 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.
Besides having an excellent technical rating, BK also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 107.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
84.83
4 important support areas can be observed.
- A support zone ranging from 106.42 to 107.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.69 from a horizontal line in the daily time frame.
- Support @88.90 from a horizontal line in the daily time frame.
- Support @85.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 108.66 to 110.48. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for BK is neutral. |
| ChartMill Relative Strength | 85.25 | POSITIVE | BK has a high relative strength, it outperformed 85.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BK is below 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) | 49.68 | NEUTRAL | The RSI value for BK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests BK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.24 | OVERSOLD | The low Stochastics value suggests BK may be oversold. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for BK suggests low volalility. |
| Average Directional Index/ADX (14) | 11.57 | NEGATIVE | The low ADX value for BK suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 110.49 | 106.41 | 4.08 (3.69%) | 25.00% |
| An entry @110.49. This is a Buy Stop order right above the resistance zone. | An exit @106.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.08 points, which is 3.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.
108.07
+1.64 (+1.54%)
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 9 / 10 to BK.
Can you provide the trend direction for BANK OF NEW YORK MELLON CORP?
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 49.6846. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BANK OF NEW YORK MELLON CORP?
BANK OF NEW YORK MELLON CORP (BK) has a support level at 107.94 and a resistance level at 108.66. Check the full technical report for our detailed analysis of BK support and resistance levels.