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Index Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

BNY Mellon MENA GDR Index (CME:BKGMA)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

CME_BKGMA
Open High Low BKGMA Price Change
708.24 709.41 705.64 707.59 -0.65
Entry Signal

MarketClub’s Trade Triangles for BKGMA

long term down The long term trend has been DOWN since May 14th, 2019 at 703.72

intermediate term up The intermediate term trend has been UP since Jun 10th, 2019 at 692.79

short term up The short term trend has been UP since Jun 7th, 2019 at 682.81

Smart Scan Analysis for BKGMA

Based on a pre-defined weighted trend formula for chart analysis, BKGMA scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for BKGMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
708.24 709.41 705.64 707.59 -0.65
Prev. Close Volume Bid Ask Time
672.33 0 2019-06-19 11:29:47
52wk High864.2352wk High Date2018-04-20
52wk Low655.2352wk Low Date2018-11-26
Want to analyze BNY Mellon MENA GDR Index BKGMA or another symbol? Try our Free Index Trend Analysis Report.