The Greedy Trader Weekly Analysis
Sign In Jul 11, 2025
Skip Navigation Links
TA Search
Share
Weekly Pattern:Rising Wedge
Number of records: 9
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

Advanced TA Search

Archive
- 7/3/2025 -
Sign In to see current Signals.

Bank of New York Mellon Corp. (BK) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the Bank of New York Mellon Corp. (BK). During the week, the BK gained 1.25 points, or 1.37%, and closed at 92.43 on Thursday, July 3, 2025. BK was trading at average weekly trading volume.

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 uptrend had started on March 18, 2020 at 26.40 and reached 92.85 on July 3, 2025. BK gained -66.45 points, or -251.70%, in 276 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (47.82) 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 long-term trend.

Medium-term trend: [See BK medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 70.46 and reached 92.85 on July 3, 2025. BK gained -22.39 points, or -31.78%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 87.49 and resistance is at 95.06. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 23, 2025 at 87.41 and reached 92.85 on July 3, 2025. BK gained -5.44 points, or -6.22%, in 10 days. The price is now at the 7.72% retracement level.

Daily Technical Indicators: [See BK daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since May 28, 2025. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.46% on Friday. It is 55.43% lower than one year average. It indicates the period of low volatility of the stock price. 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) 59.84
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 77.33
Greed/Fear Indicator (GFI) 75.04
Moving Average Converg./Diverg. (MACD) 1.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.65
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 92.30
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 85.29
Overbought
Moving Average Converg./Diverg. (MACD) 3.04
Trading Signals
Description Value Chart
Weekly Trendline Resistance 95.06
Price 92.43
Upper Bollinger Band 92.37
Daily Stochastic Crossing 92.12
Weekly Stochastic Crossing 92.11
20 Day Moving Average 90.43
Lower Bollinger Band 88.27
50 Day Moving Average 87.60
Parabolic System 87.54
Weekly Trendline Support 87.49
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Asset Management & Custody Banks 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 87.41
Low Date 06/23/2025
High 92.85
High Date 07/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 95.06
Support 87.49
Low 70.46
Low Date 04/07/2025
High 92.85
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.65
Low Date 05/16/2023
High 92.85
High Date 07/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.22
Low Date 10/13/2022
High 92.85
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 23.07
Support 47.82
Low 26.40
Low Date 03/18/2020
High 92.85
High Date 07/03/2025
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.