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Index Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

BNY MELLON EUROPEAN TELECOM ADR INDEX (CME:BKETL)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

CME_BKETL
Open High Low BKETL Price Change
43.27 43.50 43.10 43.31 -0.35
Entry Signal

MarketClub’s Trade Triangles for BKETL

long term down The long term trend has been DOWN since Feb 8th, 2018 at 52.98

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 43.26

short term up The short term trend has been UP since Oct 10th, 2018 at 43.52

Smart Scan Analysis for BKETL

Based on a pre-defined weighted trend formula for chart analysis, BKETL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BKETL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
43.27 43.50 43.10 43.31 -0.35
Prev. Close Volume Bid Ask Time
43.66 0 2018-10-17 16:02:03
52wk High59.4352wk High Date2018-01-25
52wk Low42.1852wk Low Date2018-10-09
Want to analyze BNY MELLON EUROPEAN TELECOM ADR INDEX BKETL or another symbol? Try our Free Index Trend Analysis Report.