Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
BNY MELLON NEW FRONTIER DR INDEX (CME:BKNFR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 BKNFR
The long term trend has been UP since Apr 15th, 2016 at 717.18
The intermediate term trend has been UP since Nov 16th, 2017 at 974.62
The short term trend has been DOWN since Dec 15th, 2017 at 988.25
Smart Scan Analysis for BKNFR
Based on a pre-defined weighted trend formula for chart analysis, BKNFR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1000.21||52wk High Date||2017-12-04|
|52wk Low||758.91||52wk Low Date||2016-12-20|