BK NYSE |
Bank Of New York Mellon Corp • Banks Diversified |
Thu 21 Nov, 11:35 am ET | |
Breakout tradeWATCH for possible breakout above 79.05
Target: 83.8, 6.2% Stop: 77.46 Loss: 1.8%
P/L ratio: 3.5 : 1 - Excellent
Breakout Long Short Flat price area, both long and short entries have high trade quality Default chart
Quote 78.9 +1.03,+1.3% L 78.11 O 78.5 H 78.97 Volume 711.7k -49.8% typical 52 Wk 50.8 to 78.9 Earnings recent Oct 11 pMkt Link PEG 1.2 P/E 16.9 Short 1.11%Div 2.29% EPS 4.60Mkt Cap 56.62B |
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Top ˄Thu 21 Nov, 11:35 am ET
8 Month Detailed Chart
100%
Flat price area, both long and short entries have high trade quality
Scale +/-0(min) to 10(max)
QUOTE
78.9, +1.03 pts (+1.3%), Thu 21 Nov, 11:35 am ET
strong up from yesterday's close.
Today's
L 78.11 O 78.5 H 78.97Typical price range:
76.84 to
78.9 ± 1.03 pts, ± 1.3%
Extreme price range (85% of time)
75.82 to
79.92 ± 2.05 pts, ± 2.6%
VOLUME
711.7k shares, -49.8% compared to typical volume of 1.42mil by 11:35 am ET.
Typical daily volume is 3.7mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 6.07 pts (7.7%) occurs 25% of the time.
Extreme: 7.89 pts (10%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Timing] Mild bullish 3 day candlestick pattern.
[Timing] breakout watch above 79.05, no resistance in area just above.
BEARISH
[Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
[Positioning] at resistance
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
strong up (+1.03 pts, +1.3%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
NeutralPlus, odds slightly favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
bearish, Unsustainable uptrend, may turn sideways.
SUPPORT/RESISTANCE
78.9, at resistance,
78.06 ± 1.01
type double,
strength 6
Support Below : -3.7% at
75.97 ± 0.988
type single,
strength 5
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Mild bullish 3 day candlestick pattern.
Not significant 3 day accumulation
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant bullish 1 day moneyflow by 11:35 am ET,
BREAKOUT
WATCH for possible breakout above 79.05, no resistance in area just above.
Type: True breakout from double resistance.
Target:
83.8, 6.2% Stop: 77.46
Loss: 1.8%
P/L ratio: 3.5 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
78.9, at resistance,
78.06 ± 1.01
type double,
strength 6
SUPPORT BELOW
-3.7% at 75.97 ± 0.988 type single,
strength 5
-9.3% at 71.57 ± 0.93 type double,
strength 10
-14.6% at 67.38 ± 0.876 type double,
strength 6
...
RESISTANCE ABOVE
None.
70%
Trade Quality
Long
TARGET 1
Price:
82.91 Profit:
5.1% (Typical rally)
Stop/Trailing Stop: 77.46 Loss: 1.8%
P/L Ratio: 2.8 : 1 - Good
POTENTIAL
Excellent, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
Current price at resistance:
78.06 ± 1.01
type double,
strength 6
+5.1% at 82.91 is Target 1
TARGET 2
Price:
84.7 Profit:
7.4% P/L Ratio: 4.1 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 79.05, no resistance in area just above.
Type: True breakout from double resistance.
Target:
83.8, 6.2% Stop: 77.46
Loss: 1.8%
P/L ratio: 3.5 : 1 - Excellent
95%
Trade Quality
Short
TARGET 1
Price:
72.11 Profit:
8.6% (Typical pullback)
Cover/Trailing Cover: 80.16 Loss: 1.6%
P/L Ratio: 5.4 : 1 - Excellent
POTENTIAL
Excellent, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
-3.7% at
75.97 ± 0.988
type single,
strength 5
-8.6% at 72.11 is Target 1
TARGET 2
Price:
70.3 Profit:
10.9% P/L Ratio: 6.8 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.