Index Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
BNY MELLON COMPOSITE DR INDEX (CME:BKDRC)
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 BKDRC
The long term trend has been DOWN since Dec 19th, 2018 at 991.66
The intermediate term trend has been UP since Jan 17th, 2019 at 1034.53
The short term trend has been UP since Jan 17th, 2019 at 1033.78
Smart Scan Analysis for BKDRC
Based on a pre-defined weighted trend formula for chart analysis, BKDRC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1278.11||52wk High Date||2018-01-29|
|52wk Low||1006.85||52wk Low Date||2018-10-29|