Index Trend Analysis Report
Prepared for you on Saturday, July 4, 2020.
BNY Mellon Africa GDR Index (CME:BKGAF)
Long-Term Downtrend (-90) - BKGAF is in a strong downtrend that is likely to continue. While BKGAF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BKGAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKGAF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BKGAF
The long-term trend has been DOWN since Mar 2nd, 2020 at 1036.77
The intermediate-term trend has been DOWN since Jun 29th, 2020 at 825.53
The short-term trend has been DOWN since Jun 18th, 2020 at 840.04
Smart Scan Analysis for BKGAF
Based on our trend formula, BKGAF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1173.06||52wk High Date||2018-04-20|
|52wk Low||865.5||52wk Low Date||2018-11-26|