The Greedy Trader Weekly Analysis
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Number of records: 6
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Bank of New York Mellon Corp.
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Summary:
Weekly :
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Bank of New York Mellon Corp. (BK). During the week, the BK gained 1.74 points, or 3.83%, and closed at 47.21 on Friday, November 02, 2018. It was the best weekly gain since June 8, 2018. Weekly volume was 20% above 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 45.16 on October 23, 2018. BK lost 13.83 points, or 23.44%, in 40 weeks. The price is now at the 14.82% 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 45.16 on October 23, 2018. BK lost 13.06 points, or 22.43%, in 19 weeks. The price is now at the 15.70% 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 relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See BK short-term trend chart]
A short-term downtrend had started on October 5, 2018 at 53.14 and reached 45.16 on October 23, 2018. BK lost 7.98 points, or 15.02%, in 18 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See BK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.94
Williams' Percentage Range (W%R) 63.10
Lane's Stochastic (%D-Slow) 60.43
Greed/Fear Indicator (GFI) 46.77
Moving Average Converg./Diverg. (MACD) -1.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.10
Williams' Percentage Range (W%R) 77.70
Lane's Stochastic (%D-Slow) 26.64
Greed/Fear Indicator (GFI) 30.07
Moving Average Converg./Diverg. (MACD) -0.91
Trading Signals
Description Value Chart
Upper Bollinger Band 52.14
50 Day Moving Average 50.52
20 Day Moving Average 48.03
Daily Stochastic Crossing 47.42
Price 47.21
Weekly Stochastic Crossing 46.76
Parabolic System 45.51
Lower Bollinger Band 43.93
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Money Center Banks 39
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 53.14
High Date 10/05/2018
Low 45.16
Low Date 10/23/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.22
High Date 06/07/2018
Low 45.16
Low Date 10/23/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.99
High Date 01/16/2018
Low 45.16
Low Date 10/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.20
Low Date 02/11/2016
High 58.99
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.44
Low Date 01/20/2009
High 58.99
High Date 01/16/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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