Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
BNY MELLON DENMARK CLASSIC ADR INDEX (CME:BKCDK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 BKCDK
The long term trend has been DOWN since Feb 8th, 2018 at 3352.51
The intermediate term trend has been UP since May 11th, 2018 at 3464.86
The short term trend has been DOWN since May 15th, 2018 at 3425.22
Smart Scan Analysis for BKCDK
Based on a pre-defined weighted trend formula for chart analysis, BKCDK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3765.4||52wk High Date||2018-01-24|
|52wk Low||3137.86||52wk Low Date||2017-05-30|