Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
BNY MELLON BRAZIL ADR INDEX (CME:BKBR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Jan 9th, 2019 at 277.05
The intermediate term trend has been DOWN since Feb 8th, 2019 at 272.98
The short term trend has been UP since Feb 12th, 2019 at 277.78
Smart Scan Analysis for BKBR
Based on a pre-defined weighted trend formula for chart analysis, BKBR scored +65 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|