Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
BNY MELLON BRIC SELECT ADR INDEXSM (CME:BKBRIC)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BKBRIC
The long term trend has been DOWN since Jun 25th, 2018 at 4788.07
The intermediate term trend has been DOWN since Dec 10th, 2018 at 4165.42
The short term trend has been DOWN since Dec 6th, 2018 at 4358.33
Smart Scan Analysis for BKBRIC
Based on a pre-defined weighted trend formula for chart analysis, BKBRIC scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5526.05||52wk High Date||2018-01-26|
|52wk Low||4018.22||52wk Low Date||2018-10-29|