BANKUNITED INC (BKU) Stock Technical Analysis
USA - NYSE:BKU - US06652K1034 - Common Stock
39.32 USD
+0.02 (+0.05%)
39.32 USD
0 (0%)
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.
In the last month BKU has a been trading in the 36.72 - 39.86 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, BKU outperforms 68% of them, which is more or less in line with the market.
BKU is part of the Banks industry. There are 392 other stocks in this industry, BKU did better than 57% of them.
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.
Besides having an excellent technical rating, BKU also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.95, 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
30.67
39.95
When analyzing the support we can see 7 important areas.
- A support zone ranging from 38.52 to 38.95. 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 37.48 to 37.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.34 from a horizontal line in the daily time frame.
- 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 @32.05 from a trend line in the weekly time frame.
- Support @30.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.33 to 39.55. This zone is formed by a combination of multiple trend lines 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 | 68.2 | 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) | DOWN | MIXED | The current price of BKU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.26 | NEUTRAL | The RSI value for BKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BKU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.34 | NEUTRAL | The Stochastics value for BKU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for BKU suggests some volalility. |
| Average Directional Index/ADX (14) | 28.98 | 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 |
|---|---|---|---|
| 39.56 | 38.51 | 1.05 (2.65%) | 25.00% |
| An entry @39.56. This is a Buy Stop order right above the resistance zone. | An exit @38.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.05 points, which is 2.65%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BKU. Please evaluate whether better entry and exit points can be found.
- 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.
39.32
+0.02 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.05%
1 Week0.87%
2 Weeks0.49%
1 Month2.77%
3 Month16.5%
6 Month14.14%
12 Month9.13%
2 Year73.22%
3 Year15.07%
5 Year79.46%
10 Year9.99%
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%2.15%
ATR Inc7.04%
Range Today0.88
ADR(20)0.82
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.2
Mansfield-0.37
10 Day High39.86
10 Day Low38.2
20 Day High39.86
20 Day Low36.72
52 Week High44.45
52 Week Low28.21
CS1 End38.95
CR1 Start39.33
Volume & EV
DER(3)-0.48%
DER(5)0.01%
Volume932.30K
Volume Incr14.68%
Vol(5)657.10K
Vol(50)704.31K