Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
BNY MELLON ASIA ADR INDEX (CME:BKAS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BKAS
The long term trend has been UP since Apr 19th, 2016 at 137.47
The intermediate term trend has been DOWN since Feb 5th, 2018 at 190.77
The short term trend has been DOWN since Mar 19th, 2018 at 185.32
Smart Scan Analysis for BKAS
Based on a pre-defined weighted trend formula for chart analysis, BKAS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||199.1||52wk High Date||2018-01-26|
|52wk Low||148.93||52wk Low Date||2017-04-13|