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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

BNY Mellon Utilities Classic ADR Index (CME:BKCUT)

Countertrend Up (+85) - BKCUT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid BKCUT?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKCUT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKCUT
Open High Low BKCUT Price Change
848.47 848.87 843.92 845.91 -3.91
Entry Signal

MarketClub’s Trade Triangles for BKCUT

long term up The long-term trend has been UP since Dec 1st, 2023 at 878.13

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2024 at 841.44

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 852.72

Smart Scan Analysis for BKCUT

Based on our trend formula, BKCUT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BKCUT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
848.47 848.87 843.92 845.91 -3.91
Prev. Close Volume Bid Ask Time
845.91 0 2024-03-18 17:15:29
52wk High862.2552wk High Date2018-01-17
52wk Low738.5652wk Low Date2018-10-26
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