BANKUNITED INC (BKU) Stock Technical Analysis
NYSE:BKU • US06652K1034
We assign a technical rating of 9 out of 10 to BKU. In the last year, BKU was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, BKU did better than 82% of all other stocks. On top of that, BKU also shows a nice and consistent pattern of rising prices.
- BKU is part of the Banks industry. There are 379 other stocks in this industry. BKU outperforms 79% of them.
- BKU 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 BKU is lagging the market slightly.
- In the last month BKU has a been trading in the 46.77 - 51.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BKU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 50.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.49, 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
35.98
We found 7 important support areas.
- A support zone ranging from 48.63 to 49.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.42 to 44.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.62 from a trend line in the weekly time frame.
- Support @38.71 from a trend line in the weekly time frame.
- Support @38.04 from a horizontal line in the daily time frame.
- Support @36.97 from a trend line in the daily time frame.
- Support @36.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.35 to 50.94. 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 BKU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BKU is neutral. |
| ChartMill Relative Strength | 82.07 | POSITIVE | BKU has a high relative strength, it outperformed 82.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BKU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.49 | NEUTRAL | The RSI value for BKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests BKU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.57 | NEUTRAL | The Stochastics value for BKU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for BKU suggests some volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for BKU suggests a possible start of a new 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 |
|---|---|---|---|
| 50.95 | 48.62 | 2.33 (4.57%) | 21.87% |
| An entry @50.95. This is a Buy Stop order right above the resistance zone. | An exit @48.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.33 points, which is 4.57%. | When investing 21.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
50.07
+1.08 (+2.2%)
BANKUNITED INC / BKU FAQ
What is the technical rating for BKU stock?
ChartMill assigns a technical rating of 9 / 10 to BKU.
Can you provide the trend direction for BANKUNITED INC?
The current trend direction for BANKUNITED INC (BKU) is Bullish.
Can you provide the RSI signal for BANKUNITED INC?
BANKUNITED INC (BKU) has an RSI value of 60.4881. This indicates that the stock is currently neutral.
What is the MACD signal for BANKUNITED INC (BKU) stock?
The MACD indicator for BANKUNITED INC (BKU) has a value of -0.152632, indicating a bearish trend.
Can you provide the support and resistance levels for BANKUNITED INC?
BANKUNITED INC (BKU) has a support level at 49.49 and a resistance level at 50.35. Check the full technical report for our detailed analysis of BKU support and resistance levels.