BK Price Prediction Next Week
Technical Analysis
Based on the latest data, BK is currently trading near $81.47. The stock shows strong momentum with RSI at 72.04, indicating slightly overbought conditions. The MACD is positive at 1.73, suggesting bullish momentum continues.
Price Levels and Fibonacci Analysis
- Key resistance: $87.97 (Fibonacci R2)
- First resistance: $85.28 (Fibonacci R1)
- Current pivot: $80.91
- First support: $76.54 (Fibonacci S1)
- Second support: $73.85 (Fibonacci S2)
Recent Performance & News Impact
- BK has shown remarkable performance, gaining over 60% in the past year
- The company recently reported strong Q4 2024 results with EPS of $1.72, beating estimates of $1.56
- Goldman Sachs analysts maintain a "Buy" rating with a price target of $96, citing strong 10%+ EPS growth potential
Next Week's Price Prediction Based on technical indicators and recent momentum:
- Bullish scenario (60% probability): Stock likely to test $85.28 (Fibonacci R1)
- Neutral scenario (30% probability): Consolidation between $80.91-$82.50
- Bearish scenario (10% probability): Pull back to $76.54 (Fibonacci S1)
Trading Recommendation SELL with the following rationale:
- RSI above 70 indicates overbought conditions
- Stock is trading near resistance levels
- Upcoming ex-dividend date on January 27 could create selling pressure
- Strong gains over past year suggest potential profit-taking
Target exit price: $85.28 (Fibonacci R1) Stop loss: $76.54 (Fibonacci S1)
BK Similar Chart Price Prediction
The price of BK is predicted to go up 2.08%, based on the high correlation periods with RMD. The similarity of these two price pattern on the periods is 97.73%.
BK
RMD
Up: 2.08%Similarity: 97.73%
BK Revenue Forecast
BK EPS Forecast
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BK VS S&P500
Compared with peers State Street and Northern Trust, BNY Mellon is the most diversified with its seven lines of business. It is also less exposed to movements in equity markets.
In addition to custody, BNY Mellon has a strong market position in a variety of businesses such as ADR servicing and mutual fund subaccounting, and it is the only clearer of tri-party repos. Its Pershing business has seen solid growth.
In comparison with a traditional bank, only about 25% of BNY Mellon's revenue is from net interest income and credit risk is modest.
BK Analyst's Forecast
Ebrahim Poonawala
B of A Securities
Strong Buy
Price Target
$90 → $95
Upside
+15.55%
Deutsche Bank raised the firm's price target on BNY Mellon to $98 from $94 and keeps a Buy rating on the shares. The firm views the bank's Q4 results as being solid overall. BNY is continuing its execution on positive operating leverage, the analyst tells investors in a research note.
Jason Goldberg
Barclays
Buy
Price Target
$102 → $104
Upside
+26.49%
Betsy Graseck
Morgan Stanley
Buy
Price Target
$90 → $97
Upside
+17.98%