Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
BNY Mellon Emerging Markets 50 ADR Index (CME:BKTEM)
Sidelines Mode (+55) - BKTEM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BKTEM?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKTEM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BKTEM
The long-term trend has been UP since Jul 2nd, 2020 at 2608.44
The intermediate-term trend has been UP since Oct 6th, 2020 at 3067.33
The short-term trend has been DOWN since Oct 26th, 2020 at 3181.47
Smart Scan Analysis for BKTEM
Based on our trend formula, BKTEM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3123.05||52wk High Date||2018-01-26|
|52wk Low||2291.17||52wk Low Date||2018-10-29|