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Index Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
BNY Mellon Basic Materials Classic ADR Index (CME:BKCBM)
Long-Term Uptrend (+90) - BKCBM is in a strong uptrend that is likely to continue. While BKCBM is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BKCBM?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKCBM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BKCBM
The long-term trend has been UP since Dec 1st, 2023 at 1619.71
The intermediate-term trend has been UP since May 13th, 2024 at 1661.19
The short-term trend has been UP since May 10th, 2024 at 1660.42
Smart Scan Analysis for BKCBM
Based on our trend formula, BKCBM is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1685.81 | 1685.81 | 1676.99 | 1679.28 | -4.38 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1679.28 | 0 | 2024-05-16 16:19:18 |
| 52wk High | 1739.12 | 52wk High Date | 2018-01-29 |
| 52wk Low | 1279.84 | 52wk Low Date | 2018-11-27 |