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.
MarketClub’s Trade Triangles for BKGMA
The long-term trend has been DOWN since Apr 6th, 2021 at 507.12
The intermediate-term trend has been DOWN since Mar 17th, 2021 at 542.87
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).
|52wk High||864.23||52wk High Date||2018-04-20|
|52wk Low||655.23||52wk Low Date||2018-11-26|