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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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.

CME_BKGAFT
Open High Low BKGAFT Price Change
1105.93 1105.93 1105.93 1105.93 -37.88
Entry Signal

MarketClub’s Trade Triangles for BKGAFT

long term up The long-term trend has been UP since Nov 29th, 2023 at 1034.27

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 980.51

short term down The short-term trend has been DOWN since Mar 26th, 2024 at 1148.68

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).

+55
Smart Scan Analysis for BKGAFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1105.93 1105.93 1105.93 1105.93 -37.88
Prev. Close Volume Bid Ask Time
1105.93 0 2024-03-27 14:06:13
52wk High1609.6852wk High Date2018-05-11
52wk Low1230.3752wk Low Date2018-11-28
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