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Index Trend Analysis Report

Prepared for you on Friday, April 23, 2021.

BNY Mellon MENA GDR Index (CME:BKGMA)

Countertrend Down (-85) - BKGMA 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 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.

CME_BKGMA
Open High Low BKGMA Price Change
521.84 521.84 509.09 512.49 -3.69
Entry Signal

MarketClub’s Trade Triangles for BKGMA

long term down The long-term trend has been DOWN since Apr 6th, 2021 at 507.12

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2021 at 542.87

short term up The short-term trend has been UP since Apr 15th, 2021 at 498.35

Smart Scan Analysis for BKGMA

Based on our trend formula, BKGMA is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BKGMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
521.84 521.84 509.09 512.49 -3.69
Prev. Close Volume Bid Ask Time
511.07 0 2021-04-22 11:30:02
52wk High864.2352wk High Date2018-04-20
52wk Low655.2352wk Low Date2018-11-26
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