Stock Analysis: Bank Of New York Mellon Corp (BK)

Stock Analysis for Bank Of New York Mellon Corp (BK)

The Interpreter
Hey Friend, I'm analysing BANK OF NEW YORK MELLON CORP (BK), and it is between the Support of $ 56.44 (PivotS1) and the Resistance of $ 57.22 (Pivot). The stock is also approaching the line of PivotS1 at $ 56.44, and if it goes below this line it could reach the next Support of 100% of Fibonacci at $ 53.18.

Bank Of New York Mellon Corp (BK)

$ 56.49 -1.5%

Last Close 30-Apr-24

Trade BK Now

Supports

Next Support: $ 56.44

Pivot S1: $ 56.44
Fibonacci 100%: $ 53.18
Triangle Level (4): $ 53.12

Resistances

Next Resistance: $ 57.22

Pivot: $ 57.22
Fibonacci 138.2%: $ 57.49
Triangle Level (4): $ 59.12

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 22 Mar 2024	Sell Price: 56.47	Loss: Close Day2 ($ 56.61)	Engulfing	Sell
002 18 Mar 2024	Buy Price: 54.94	Profit: Open Day1 ($ 54.99)	Abandoned Baby	Buy
003 11 Mar 2024	Buy Price: 55.61	Profit: Open Day1 ($ 55.75)	Piercing Line	Buy
004 26 Feb 2024	Sell Price: 55.28	Loss: Close Day2 ($ 55.66)	Abandoned Baby	Sell
005 26 Feb 2024	Sell Price: 55.34	Profit: Open Day1 ($ 55.30)	Engulfing	Sell
006 02 Jan 2024	Buy Price: 52.38	Profit: Open Day1 ($ 52.44)	Engulfing	Buy
007 16 Nov 2023	Sell Price: 46.48	Loss: Close Day2 ($ 47.12)	Abandoned Baby	Sell
008 08 Nov 2023	Buy Price: 44.97	Profit: Open Day1 ($ 45.42)	Abandoned Baby	Buy
009 08 Nov 2023	Buy Price: 45.02	Profit: Open Day1 ($ 45.42)	Engulfing	Buy
010 25 Sep 2023	Buy Price: 42.89	Loss: Close Day2 ($ 42.17)	Piercing Line	Buy
011 02 Aug 2023	Buy Price: 45.23	Profit: Close Day1 ($ 45.56)	Engulfing	Buy
012 14 Jul 2023	Sell Price: 42.53	Loss: Close Day2 ($ 45.33)	Engulfing	Sell
013 26 May 2023	Buy Price: 40.78	Profit: Open Day1 ($ 40.80)	Abandoned Baby	Buy
014One Year Average	Both Sides Result for 13 Signals	Loss: $ -3.19 ($ -0.25 / Signal) -6.5% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for BK Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	56.47	SELL	2	56.56	SELL
3	56.76	SELL	3	56.68	SELL
5	56.95	SELL	5	56.79	SELL
8	57.16	SELL	8	56.76	SELL
13	56.34	BUY	13	56.64	SELL
21	56.38	BUY	21	56.49	SELL
34	56.31	BUY	34	56.25	BUY
55	55.94	BUY	55	55.70	BUY
90	55.19	BUY	90	54.46	BUY
200	49.61	BUY	200	51.31	BUY

Company Info +

Name & IPO

Bank Of New York Mellon Corp
IPO: 2007-07-02

Stock Ticker & Exchange

Ticker: BKIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: https://www.bnymellon.com/
Phone:

Stock Type

Common Stock

SIC Office

Finance ()

Industry

State Commercial Banks

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.