BNY MELLON EMRG MRKTS EQTY (BKEM) Stock Technical Analysis
USA - NYSEARCA:BKEM - US09661T5039 - ETF
70.7784 USD
-2.67 (-3.64%)
71.5 USD
+0.72 (+1.02%)
We assign a technical rating of 6 out of 10 to BKEM. In the last year, BKEM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month BKEM has a been trading in the 70.73 - 77.55 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BKEM has an average volume of 3474 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
BKEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BKEM is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that BKEM is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
BKEM has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
55.15
74.94
We found 2 important support areas.
- A support zone ranging from 70.10 to 70.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 70.79 to 70.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 73.28 to 74.20. 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 BKEM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BKEM is neutral. |
| ChartMill Relative Strength | 70.02 | POSITIVE | BKEM has a high relative strength, it outperformed 70.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BKEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BKEM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.13 | NEUTRAL | The RSI value for BKEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests BKEM has a negative trend. |
| Stochastics (14,3) | 20.59 | NEUTRAL | The Stochastics value for BKEM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for BKEM suggests low volalility. |
| Average Directional Index/ADX (14) | 38.36 | POSITIVE | The high ADX value value for BKEM 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)
70.7784
-2.67 (-3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.64%
1 Week-4.11%
2 Weeks-2.26%
1 Month-1.89%
3 Month6.39%
6 Month23.41%
12 Month10.45%
2 Year39.68%
3 Year48.89%
5 Year12.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.01
ATR(20)%1.23%
ATR Inc113.38%
Range Today2.54
ADR(20)0.68
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.02
Mansfield0.24
10 Day High77.55
10 Day Low70.73
20 Day High77.55
20 Day Low70.73
52 Week High77.55
52 Week Low52.26
CS1 End70.77
CR1 Start70.79
Volume & EV
DER(3)-3.62%
DER(5)-2.17%
Volume2.60K
Volume Incr-66.48%
Vol(5)2.10K
Vol(50)3.47K