|
|
|
|
Asset Management & Custody Banks Industry Stocks Technical Analysis - BKArchive
- 11/22/2024 -
Sign In to see current Signals. |
Bank of New York Mellon Corp. (BK) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Bank of New York Mellon Corp. (BK). During the week, the BK climbed 0.78 points, or 1.00%, and closed at 79.08 on Friday, November 22, 2024. Weekly volume was -39% below average.
BK is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BK long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 26.40 and reached 80.29 on November 6, 2024. BK gained -53.89 points, or -204.13%, in 242 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (45.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See BK medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 36.22 and reached 80.29 on November 6, 2024. BK gained -44.07 points, or -121.67%, in 107 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (44.16) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BK weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. 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 October 17, 2023 at 39.66 and reached 80.29 on November 6, 2024. BK gained -40.63 points, or -102.45%, in 386 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (69.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See BK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 23, 2024. The distance between MACD and the signal line is low and getting smaller.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
12 |
| Industry |
Asset Management & Custody Banks |
107 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
60.93 |
| Low Date |
08/05/2024 |
| High |
80.29 |
| High Date |
11/06/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
71.33 |
| Support |
69.07 |
| Low |
39.66 |
| Low Date |
10/17/2023 |
| High |
80.29 |
| High Date |
11/06/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
39.65 |
| Low Date |
05/16/2023 |
| High |
80.29 |
| High Date |
11/06/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
28.22 |
| Support |
44.16 |
| Low |
36.22 |
| Low Date |
10/13/2022 |
| High |
80.29 |
| High Date |
11/06/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
30.40 |
| Support |
45.39 |
| Low |
26.40 |
| Low Date |
03/18/2020 |
| High |
80.29 |
| High Date |
11/06/2024 |
|
|