THE BANK OF NEW YORK MELLON

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BK
ISIN:

THE BANK OF NEW YORK MELLON - 1H - Technical analysis published on 08/21/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 64.30 USD

My targets

65.87 USD (+0.86%)

66.40 USD (+1.67%)

My analysis

The basic bullish trend is very strong on THE BANK OF NEW YORK MELLON but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 64.30 USD. Crossing the first resistance at 65.87 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 66.40 USD as an objective. Caution, a return to below 64.30 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The THE BANK OF NEW YORK MELLON price is 65.31 USD. The price is lower by -0.05% since the last closing and was between 65.01 USD and 65.58 USD. This implies that the price is at +0.46% from its lowest and at -0.41% from its highest.

65.01

65.58

65.31

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by THE BANK OF NEW YORK MELLON:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of THE BANK OF NEW YORK MELLON indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	62.08	62.83	64.30	65.31	65.32	65.87	66.40
Change (%)	-4.95%	-3.80%	-1.55%	-	+0.02%	+0.86%	+1.67%
Change	-3.23	-2.48	-1.01	-	+0.01	+0.56	+1.09
Level	Minor	Minor	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.40	64.75	65.05	65.40	65.70	66.05	66.35
Camarilla	65.16	65.22	65.28	65.34	65.40	65.46	65.52
Woodie	64.37	64.74	65.02	65.39	65.67	66.04	66.32
Fibonacci	64.75	65.00	65.16	65.40	65.65	65.81	66.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.82	61.82	63.72	64.72	66.62	67.62	69.52
Camarilla	64.81	65.08	65.34	65.61	65.88	66.14	66.41
Woodie	61.26	62.05	64.16	64.95	67.06	67.85	69.96
Fibonacci	61.82	62.93	63.62	64.72	65.83	66.52	67.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.48	56.12	60.59	63.23	67.70	70.34	74.81
Camarilla	63.12	63.77	64.42	65.07	65.72	66.37	67.03
Woodie	54.41	56.58	61.52	63.69	68.63	70.80	75.74
Fibonacci	56.12	58.83	60.51	63.23	65.94	67.62	70.34

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.23
MACD (12,26,9):	0.0900
Directional Movement:	17.33
AROON (14):	-50.00
DEMA (21):	65.45
Parabolic SAR (0,02-0,02-0,2):	65.57
Elder Ray (13):	0.06
Super Trend (3,10):	64.69
Zig ZAG (10):	65.36
VORTEX (21):	1.0100
Stochastique (14,3,5):	44.22
TEMA (21):	65.26
Williams %R (14):	-58.67
Chande Momentum Oscillator (20):	-0.31
Repulse (5,40,3):	0.0300
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.95

MA7:	64.95
MA20:	64.16
MA50:	61.90
MA100:	59.47
MAexp7:	65.29
MAexp20:	65.28
MAexp50:	64.89
MAexp100:	64.38
Price / MA7:	+0.55%
Price / MA20:	+1.79%
Price / MA50:	+5.51%
Price / MA100:	+9.82%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.65%
Price / MAexp100:	+1.44%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on THE BANK OF NEW YORK MELLON. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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