BANKUNITED INC (BKU) Stock Technical Analysis
NYSE:BKU - New York Stock Exchange, Inc. - US06652K1034 - Common Stock - Currency: USD
Taking everything into account, BKU scores 8 out of 10 in our technical rating. Although BKU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, BKU outperforms 61% of them, which is more or less in line with the market.
BKU is an average performer in the Banks industry, it outperforms 56% of 393 stocks in the same industry.
BKU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BKU is lagging the market.
In the last month BKU has a been trading in the 35.16 - 39.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BKU also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 38.08, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
31.09
39.87
5 important support areas can be observed.
- A support zone ranging from 37.69 to 38.08. 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 35.85 to 36.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.55 to 33.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.71 from a horizontal line in the daily time frame.
- Support @31.40 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @39.48 from a trend line in the daily time frame.
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 | UP | POSITIVE | The short term trend for BKU is up. |
| ChartMill Relative Strength | 61.21 | NEUTRAL | BKU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKU is above the rising 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) | 57.34 | NEUTRAL | The RSI value for BKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BKU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.33 | NEUTRAL | The Stochastics value for BKU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for BKU suggests some volalility. |
| Average Directional Index/ADX (14) | 28.7 | POSITIVE | The high ADX value value for BKU 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)
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 |
|---|---|---|---|
| 39.49 | 37.68 | 1.81 (4.58%) | 21.82% |
| An entry @39.49. This is a Buy Stop order right above the resistance zone. | An exit @37.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.81 points, which is 4.58%. | When investing 21.82% 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.
38.17
-0.29 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.75%
1 Week0.95%
2 Weeks1.22%
1 Month7.1%
3 Month12.93%
6 Month-7.15%
12 Month7.1%
2 Year27.92%
3 Year-1.75%
5 Year89.52%
10 Year4.52%
15 YearN/A
Volatility
ATR(14)1
ATR(20)%2.62%
ATR Inc-31.73%
Range Today0.55
ADR(20)0.97
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.21
Mansfield-0.48
10 Day High39.62
10 Day Low36.02
20 Day High39.62
20 Day Low35.16
52 Week High44.45
52 Week Low28.21
CS1 End38.08
CR1 Start39.48
Volume & EV
DER(3)0.63%
DER(5)0.47%
Volume516.30K
Volume Incr42.28%
Vol(5)1.13M
Vol(50)791.27K