Index Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
BNY MELLON SPAIN ADR INDEX (CME:BKES)
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 BKES
The long term trend has been DOWN since Feb 9th, 2018 at 93.66
The intermediate term trend has been UP since Jul 9th, 2018 at 83.91
The short term trend has been DOWN since Jul 11th, 2018 at 82.49
Smart Scan Analysis for BKES
Based on a pre-defined weighted trend formula for chart analysis, BKES scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||107.52||52wk High Date||2018-01-26|
|52wk Low||78.12||52wk Low Date||2018-05-29|