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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Bank of New York Mellon Corp. (BK) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Bank of New York Mellon Corp. (BK). During the week, the BK gained 2.31 points, or 3.03%, and closed at 78.65 on Friday, April 25, 2025. Weekly volume was -7% below average.

Long-term trend: [See BK long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 26.40 and reached 90.34 on March 3, 2025. BK gained -63.94 points, or -242.20%, in 258 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (47.06) 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 90.34 on March 3, 2025. BK gained -54.12 points, or -149.42%, in 124 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (45.62) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 7, 2025. The distance between MACD and the signal line is near its high and getting bigger. 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 90.34 on March 3, 2025. BK gained -50.68 points, or -127.79%, in 503 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (84.25) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See BK daily technical indicators chart]
Daily technical indicators are neutral.

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 moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.64
Williams' Percentage Range (W%R) 42.70
Lane's Stochastic (%D-Slow) 63.76
Greed/Fear Indicator (GFI) 61.25
Moving Average Converg./Diverg. (MACD) -1.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.00
Williams' Percentage Range (W%R) 58.50
Lane's Stochastic (%D-Slow) 33.98
Greed/Fear Indicator (GFI) 40.10
Moving Average Converg./Diverg. (MACD) 3.47
Trading Signals
Description Value Chart
Upper Bollinger Band 85.15
Weekly Trendline Support 84.25
50 Day Moving Average 82.38
Price 78.65
20 Day Moving Average 78.09
Daily Stochastic Crossing 78.07
Weekly Stochastic Crossing 76.50
Parabolic System 73.92
Lower Bollinger Band 71.85
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Asset Management & Custody Banks 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.34
High Date 03/03/2025
Low 70.46
Low Date 04/07/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 94.76
Support 84.25
Low 39.66
Low Date 10/17/2023
High 90.34
High Date 03/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.65
Low Date 05/16/2023
High 90.34
High Date 03/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 22.68
Support 45.62
Low 36.22
Low Date 10/13/2022
High 90.34
High Date 03/03/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 25.37
Support 47.06
Low 26.40
Low Date 03/18/2020
High 90.34
High Date 03/03/2025
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.