Bank of New York Mellon Corp.
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|It was a third consecutive positive week for the Bank of New York Mellon Corp. (BK). During the week, the BK climbed 0.17 points, or 0.35%, and closed at 48.08 on Friday, January 11, 2019. Weekly volume was -18% below average. |
Long-term trend: [See BK long-term trend chart]
A long-term downtrend had started on January 16, 2018 at 58.99 and reached 43.67 on December 26, 2018. BK lost 15.32 points, or 25.97%, in 49 weeks. The price is now at the 28.79% retracement level.
Medium-term trend: [See BK medium-term trend chart]
A medium-term downtrend had started on June 7, 2018 at 58.22 and reached 43.67 on December 26, 2018. BK lost 14.55 points, or 24.99%, in 28 weeks. The price is now at the 30.31% retracement level.
Weekly Technical Indicators: [See BK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See BK short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 43.67 and reached 48.33 on January 7, 2019. BK gained -4.66 points, or -10.67%, in 12 days. The price is now at the 5.36% retracement level.
Daily Technical Indicators: [See BK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.