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Index Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
BNY Mellon Basic Materials Classic ADR Index (CME:BKCBM)
Countertrend Down (-85) - BKCBM is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for BKCBM
The long-term trend has been DOWN since Nov 12th, 2024 at 1475.76
The intermediate-term trend has been DOWN since Dec 13th, 2024 at 1448.10
The short-term trend has been UP since Dec 24th, 2024 at 1390.26
Smart Scan Analysis for BKCBM
Based on our trend formula, BKCBM is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1387.28 | 1393.72 | 1384.30 | 1390.57 | +0.67 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1389.90 | 0 | 2024-12-26 16:20:03 |
| 52wk High | 1739.12 | 52wk High Date | 2018-01-29 |
| 52wk Low | 1279.84 | 52wk Low Date | 2018-11-27 |