Index Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
BNY MELLON RUSSIA DR INDEX (CME:BKDRU)
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 BKDRU
The long term trend has been UP since Jan 30th, 2019 at 794.93
The intermediate term trend has been DOWN since May 7th, 2019 at 814.94
The short term trend has been UP since May 14th, 2019 at 812.07
Smart Scan Analysis for BKDRU
Based on a pre-defined weighted trend formula for chart analysis, BKDRU scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||909.02||52wk High Date||2018-02-26|
|52wk Low||688.13||52wk Low Date||2018-09-10|