DNLYX Mutual Fund Technical Analysis

DNLYX -  USA Fund  

USD 69.25  1.85  2.60%

As of the 29th of November, BNY Mellon shows the risk adjusted performance of 0.0118, and Mean Deviation of 0.6119. BNY Mellon Active technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for BNY Mellon Active, which can be compared to its rivals. Please confirm BNY Mellon Active jensen alpha and semi variance to decide if BNY Mellon Active is priced some-what accurately, providing market reflects its regular price of 69.25 per share.

DNLYX Technical Analysis 

 
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BNY Mellon technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of BNY Mellon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BNY Mellon trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

BNY Mellon Active Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of BNY Mellon Active volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

BNY Mellon Active Trend Analysis

Use this graph to draw trend lines for BNY Mellon Active. You can use it to identify possible trend reversals for BNY Mellon as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BNY Mellon price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

BNY Mellon Best Fit Change Line

The following chart estimates an ordinary least squares regression model for BNY Mellon Active applied against its price change over selected period. The best fit line has a slop of   0.08  , which means BNY Mellon Active will continue generating value for investors. It has 122 observation points and a regression sum of squares at 228.0, which is the sum of squared deviations for the predicted BNY Mellon price change compared to its average price change.

About BNY Mellon Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BNY Mellon Active on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BNY Mellon Active based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on BNY Mellon Active stock first instead of the macroeconomic environment surrounding BNY Mellon Active. By analyzing BNY Mellon's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BNY Mellon's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BNY Mellon specific price patterns or momentum indicators. Please read more on our technical analysis page.

BNY Mellon November 29, 2021 Technical Indicators

Most technical analysis of DNLYX help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for DNLYX from various momentum indicators to cycle indicators. When you analyze DNLYX charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Continue to Investing Opportunities. Note that the BNY Mellon Active information on this page should be used as a complementary analysis to other BNY Mellon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for DNLYX Mutual Fund analysis

When running BNY Mellon Active price analysis, check to measure BNY Mellon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BNY Mellon is operating at the current time. Most of BNY Mellon's value examination focuses on studying past and present price action to predict the probability of BNY Mellon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BNY Mellon's price. Additionally, you may evaluate how the addition of BNY Mellon to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between BNY Mellon's value and its price as these two are different measures arrived at by different means. Investors typically determine BNY Mellon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BNY Mellon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.