Index Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
BNY MELLON UTIL CLASSIC ADR INDEX (CME:BKCUT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 BKCUT
The long term trend has been DOWN since Nov 20th, 2017 at 835.71
The intermediate term trend has been UP since Jan 5th, 2018 at 848.58
The short term trend has been UP since Jan 16th, 2018 at 846.83
Smart Scan Analysis for BKCUT
Based on a pre-defined weighted trend formula for chart analysis, BKCUT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||885.51||52wk High Date||2017-09-11|
|52wk Low||715.71||52wk Low Date||2017-02-01|