Index Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
BNY MELLON NEW FRONTIER DR INDEX (CME:BKNFR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for BKNFR
The long term trend has been UP since Apr 15th, 2016 at 717.18
The intermediate term trend has been UP since Feb 25th, 2018 at 1088.57
The short term trend has been DOWN since Mar 19th, 2018 at 1107.88
Smart Scan Analysis for BKNFR
Based on a pre-defined weighted trend formula for chart analysis, BKNFR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1115.33||52wk High Date||2018-03-19|
|52wk Low||843.8||52wk Low Date||2017-03-29|