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Index Trend Analysis Report

Prepared for you on Friday, May 17, 2024.

BNY Mellon Developed Markets ADR Total Return Index (CME:BKDMT)

Countertrend Up (+85) - BKDMT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

CME_BKDMT
Open High Low BKDMT Price Change
282.34 282.34 282.34 282.34 +0.86
Entry Signal

MarketClub’s Trade Triangles for BKDMT

long term up The long-term trend has been UP since Nov 22nd, 2022 at 204.56

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 278.52

short term up The short-term trend has been UP since Apr 26th, 2024 at 274.90

Smart Scan Analysis for BKDMT

Based on our trend formula, BKDMT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for BKDMT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
282.34 282.34 282.34 282.34 +0.86
Prev. Close Volume Bid Ask Time
286.94 0 2024-05-07 17:06:49
52wk High201.2852wk High Date2018-01-26
52wk Low167.7352wk Low Date2018-10-24
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