Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
BNY Mellon United Kingdom ADR Index (CME:BKGB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.
MarketClub’s Trade Triangles for BKGB
The long term trend has been UP since Aug 28th, 2019 at 124.24
The intermediate term trend has been UP since Aug 28th, 2019 at 114.47
The short term trend has been UP since Sep 10th, 2019 at 114.32
Smart Scan Analysis for BKGB
Based on a pre-defined weighted trend formula for chart analysis, BKGB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||139.29||52wk High Date||2018-01-25|
|52wk Low||113.15||52wk Low Date||2018-10-26|