Index Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
BNY Mellon Asia GDR Index (CME:BKGAS)
Countertrend Down (-85) - BKGAS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid BKGAS?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKGAS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BKGAS
The long-term trend has been DOWN since May 4th, 2021 at 3887.44
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 3845.96
The short-term trend has been UP since Oct 15th, 2021 at 3741.11
Smart Scan Analysis for BKGAS
Based on our trend formula, BKGAS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2888.13||52wk High Date||2018-01-29|
|52wk Low||2122.59||52wk Low Date||2018-10-26|