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Archive
- 5/8/2026 -
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Bank of New York Mellon Corp. (BK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Bank of New York Mellon Corp. (BK). During the week, the BK dropped -3.28 points, or -2.45%, and closed at 130.50 on Friday, May 8, 2026. It was the worst weekly loss since March 6, 2026. BK was trading at average weekly trading volume.
BK is a member of Financials Sector. Financials is the second 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 139.15 on April 21, 2026. BK gained -112.75 points, or -427.08%, in 317 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (51.27) 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 May 16, 2023 at 39.65 and reached 139.15 on April 21, 2026. BK gained -99.50 points, or -250.95%, in 153 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (88.60) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since April 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 9, 2026 at 111.71 and reached 139.15 on April 21, 2026. BK gained -27.44 points, or -24.56%, in 43 days. The price is now at the 31.52% retracement level.
 Daily Technical Indicators: [See BK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 27, 2026.
During the last week, the price has declined below 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.
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