Index Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
BNY Mellon MENA GDR Index (CME:BKGMA)
Strong Downtrend (-100) - BKGMA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BKGMA continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BKGMA?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKGMA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BKGMA
The long-term trend has been DOWN since Feb 24th, 2022 at 527.81
The intermediate-term trend has been DOWN since May 25th, 2022 at 419.91
The short-term trend has been DOWN since May 25th, 2022 at 421.74
Smart Scan Analysis for BKGMA
Based on our trend formula, BKGMA is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||864.23||52wk High Date||2018-04-20|
|52wk Low||655.23||52wk Low Date||2018-11-26|