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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

BNY Mellon MENA GDR Index (CME:BKGMA)

Bull Market Weakness (+75) - BKGMA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BKGMA as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid BKGMA?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKGMA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKGMA
Open High Low BKGMA Price Change
447.26 450.78 431.87 435.02 -12.24
Entry Signal

MarketClub’s Trade Triangles for BKGMA

long term up The long-term trend has been UP since Nov 28th, 2023 at 376.98

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2024 at 361.50

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 435.62

Smart Scan Analysis for BKGMA

Based on our trend formula, BKGMA is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for BKGMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
447.26 450.78 431.87 435.02 -12.24
Prev. Close Volume Bid Ask Time
430.10 0 2024-03-18 11:30:02
52wk High864.2352wk High Date2018-04-20
52wk Low655.2352wk Low Date2018-11-26
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