Index Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
BNY MELLON UTIL CLASSIC ADR INDEX (CME:BKCUT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 BKCUT
The long term trend has been DOWN since Nov 20th, 2017 at 835.71
The intermediate term trend has been UP since Mar 12th, 2018 at 822.13
The short term trend has been UP since Mar 26th, 2018 at 824.30
Smart Scan Analysis for BKCUT
Based on a pre-defined weighted trend formula for chart analysis, BKCUT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||885.51||52wk High Date||2017-09-11|
|52wk Low||766.92||52wk Low Date||2017-04-21|