Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
BNY MELLON ASIA ADR INDEX (CME:BKAS)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Apr 4th, 2018 at 175.19
The intermediate term trend has been UP since May 8th, 2018 at 181.79
The short term trend has been DOWN since May 15th, 2018 at 183.35
Smart Scan Analysis for BKAS
Based on a pre-defined weighted trend formula for chart analysis, BKAS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||199.1||52wk High Date||2018-01-26|
|52wk Low||156.12||52wk Low Date||2017-05-31|