Index Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
BNY MELLON RUSSIA DR INDEX (CME:BKDRU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 BKDRU
The long term trend has been DOWN since Apr 9th, 2018 at 773.74
The intermediate term trend has been UP since Dec 3rd, 2018 at 760.84
The short term trend has been DOWN since Dec 7th, 2018 at 740.38
Smart Scan Analysis for BKDRU
Based on a pre-defined weighted trend formula for chart analysis, BKDRU scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||909.02||52wk High Date||2018-02-26|
|52wk Low||688.13||52wk Low Date||2018-09-10|