Index Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
BNY MELLON BRAZIL ADR INDEX (CME:BKBR)
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 BKBR
The long term trend has been UP since Oct 3rd, 2018 at 246.77
The intermediate term trend has been DOWN since Nov 13th, 2018 at 249.57
The short term trend has been UP since Dec 13th, 2018 at 250.05
Smart Scan Analysis for BKBR
Based on a pre-defined weighted trend formula for chart analysis, BKBR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||303.12||52wk High Date||2018-02-27|
|52wk Low||199.85||52wk Low Date||2018-09-05|