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Index Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

BNY MELLON AFRICA GDR INDEX (CME:BKGAF)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

CME_BKGAF
Open High Low BKGAF Price Change
942.67 956.10 938.08 956.10 +13.43
Entry Signal

MarketClub’s Trade Triangles for BKGAF

long term down The long term trend has been DOWN since May 14th, 2019 at 949.50

intermediate term down The intermediate term trend has been DOWN since May 13th, 2019 at 974.65

short term down The short term trend has been DOWN since May 7th, 2019 at 997.03

Smart Scan Analysis for BKGAF

Based on a pre-defined weighted trend formula for chart analysis, BKGAF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for BKGAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
942.67 956.10 938.08 956.10 +13.43
Prev. Close Volume Bid Ask Time
1006.17 0 2019-05-17 11:30:02
52wk High1173.0652wk High Date2018-04-20
52wk Low865.552wk Low Date2018-11-26
Want to analyze BNY MELLON AFRICA GDR INDEX BKGAF or another symbol? Try our Free Index Trend Analysis Report.