BNY MELLON CORE BOND ETF (BKAG) Stock Technical Analysis
USA - NYSEARCA:BKAG - US09661T6029 - ETF
We assign a technical rating of 7 out of 10 to BKAG. Although BKAG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BKAG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 42.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.91, a Stop Loss order could be placed below this zone.
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40.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.27 to 42.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.73 to 41.39. 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 42.99 to 43.38. 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 BKAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKAG is up. |
| ChartMill Relative Strength | 42.57 | NEUTRAL | BKAG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.44 | NEUTRAL | The RSI value for BKAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BKAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.58 | OVERBOUGHT | The high Stochastics value suggests BKAG may be overbought. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for BKAG suggests low volalility. |
| Average Directional Index/ADX (14) | 30.2 | POSITIVE | The high ADX value value for BKAG suggests a strong 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 |
|---|---|---|---|
| 43.03 | 42.68 | 0.36 (0.83%) | 25.00% |
| An entry @43.03. This is a Buy Stop order right above the 10 day high. | An exit @42.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.36 points, which is 0.83%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
42.978
+0.04 (+0.08%)
BNY MELLON CORE BOND ETF / BKAG FAQ
What is the ChartMill technical rating of BNY MELLON CORE BOND ETF (BKAG) stock?
ChartMill assigns a technical rating of 7 / 10 to BKAG.
What is the current trend direction of BNY MELLON CORE BOND ETF (BKAG) stock?
The current trend direction for BNY MELLON CORE BOND ETF (BKAG) is Bullish.
Can you provide the RSI signal for BNY MELLON CORE BOND ETF?
BNY MELLON CORE BOND ETF (BKAG) has an RSI value of 65.4433. This indicates that the stock is currently neutral.
What is the short term momentum for BNY MELLON CORE BOND ETF (BKAG) stock?
The short term momentum for BNY MELLON CORE BOND ETF (BKAG) is positive.
What is the support and resistance level for BKAG stock?
BNY MELLON CORE BOND ETF (BKAG) has a support level at 42.91 and a resistance level at 42.99. Check the full technical report for our detailed analysis of BKAG support and resistance levels.