BNY MELLON HIGH YIELD ETF (BKHY) Stock Technical Analysis
NYSEARCA:BKHY - NYSE Arca - US09661T8009 - ETF - Currency: USD
Taking everything into account, BKHY scores 5 out of 10 in our technical rating. BKHY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
62% of all other stocks performed better in the past year than BKHY.
The long and short term trends are both positive. This is looking good!
BKHY 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 BKHY is lagging the market slightly.
In the last month BKHY has a been trading in a tight range between 47.69 and 48.34.
Considerably lower volume is observed in the last couple of days.
BKHY has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 48.01, a Stop Loss order could be placed below this zone.
More info and screens
45.11
49.42
When analyzing the support we notice one important area.
- A support zone ranging from 45.57 to 48.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 48.18 to 48.93. 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 BKHY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKHY is up. |
| ChartMill Relative Strength | 38.83 | NEUTRAL | BKHY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKHY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKHY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BKHY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.34 | NEUTRAL | The RSI value for BKHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BKHY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.15 | NEUTRAL | The Stochastics value for BKHY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for BKHY suggests low volalility. |
| Average Directional Index/ADX (14) | 17.57 | NEGATIVE | The low ADX value for BKHY suggests a weak or negative 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)
48.1
+0.12 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week0.28%
2 Weeks-0.06%
1 Month0.83%
3 Month2.67%
6 Month-0.15%
12 Month0.88%
2 Year2.98%
3 Year-1.81%
5 Year-12.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.35%
ATR Inc-40.47%
Range Today0.07
ADR(20)0.15
ADR(20)%0.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.83
Mansfield-0.75
10 Day High48.34
10 Day Low47.77
20 Day High48.34
20 Day Low47.69
52 Week High48.99
52 Week Low42.33
CS1 End48.01
CR1 Start48.18
Volume & EV
DER(3)2.95%
DER(5)2.57%
Volume11.80K
Volume Incr-24.3%
Vol(5)15.48K
Vol(50)79.96K