Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
BNY MELLON BRAZIL ADR INDEX (CME:BKBR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 BKBR
The long term trend has been DOWN since Apr 17th, 2019 at 256.87
The intermediate term trend has been DOWN since Mar 22nd, 2019 at 263.04
The short term trend has been UP since May 21st, 2019 at 244.07
Smart Scan Analysis for BKBR
Based on a pre-defined weighted trend formula for chart analysis, BKBR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||303.12||52wk High Date||2018-02-27|
|52wk Low||199.85||52wk Low Date||2018-09-05|