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Advanced TA SearchArchive - 4/26/2024 - Sign In to see current Signals. |
Bank of New York Mellon Corp. (BK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Bank of New York Mellon Corp. (BK). During the week, the BK gained 1.03 points, or 1.83%, and closed at 57.32 on Friday, April 26, 2024. Weekly volume was -33% 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 downtrend had started on February 10, 2022 at 64.63 and reached 36.22 on October 13, 2022. BK lost 28.41 points, or 43.96%, in 35 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (45.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BK may retest the broken resistance line. It is considered to be a support line now. 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 58.28 on April 4, 2024. BK gained -22.06 points, or -60.91%, in 77 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (42.08) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help. The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 4, 2024 at 58.28 and reached 52.64 on April 16, 2024. BK lost 5.64 points, or 9.68%, in 12 days. The price is now at the 82.98% retracement level. Daily Technical Indicators: [See BK daily technical indicators chart] Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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.
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