Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
BNY MELLON INDIA GDR INDEX (CME:BKGIN)
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 BKGIN
The long term trend has been UP since Jul 13th, 2018 at 1542.80
The intermediate term trend has been DOWN since Sep 11th, 2018 at 1601.60
The short term trend has been DOWN since Sep 18th, 2018 at 1592.69
Smart Scan Analysis for BKGIN
Based on a pre-defined weighted trend formula for chart analysis, BKGIN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1732.77||52wk High Date||2018-08-28|
|52wk Low||1323.76||52wk Low Date||2017-09-28|