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Index Trend Analysis Report

Prepared for you on Thursday, September 12, 2024.

BNY Mellon Composite GDR Index (CME:BKGDR)

Long-Term Downtrend (-90) - BKGDR is in a strong downtrend that is likely to continue. While BKGDR 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 BKGDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKGDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKGDR
Open High Low BKGDR Price Change
1544.56 1545.57 1526.68 1531.67 -26.72
Entry Signal

MarketClub’s Trade Triangles for BKGDR

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 1614.38

intermediate term down The intermediate-term trend has been DOWN since Jul 24th, 2024 at 1744.94

short term down The short-term trend has been DOWN since Aug 22nd, 2024 at 1700.36

Smart Scan Analysis for BKGDR

Based on our trend formula, BKGDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BKGDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1544.56 1545.57 1526.68 1531.67 -26.72
Prev. Close Volume Bid Ask Time
1536.44 0 2024-09-11 11:30:02
52wk High1703.7952wk High Date2018-01-25
52wk Low1304.6852wk Low Date2018-10-26
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