Index Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
BNY Mellon Africa GDR Total Return Index (CME:BKGAFT)
Sidelines Mode (+55) - BKGAFT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BKGAFT?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKGAFT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BKGAFT
The long-term trend has been UP since Jul 19th, 2021 at 1311.66
The intermediate-term trend has been UP since Dec 14th, 2021 at 1411.95
The short-term trend has been DOWN since Jan 18th, 2022 at 1442.65
Smart Scan Analysis for BKGAFT
Based on our trend formula, BKGAFT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1609.68||52wk High Date||2018-05-11|
|52wk Low||1230.37||52wk Low Date||2018-11-28|