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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.

CME_BKGMA
Open High Low BKGMA Price Change
411.31 413.76 400.76 401.98 -1.40
Entry Signal

MarketClub’s Trade Triangles for BKGMA

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 527.81

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2022 at 419.91

short term down 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).

-100
Smart Scan Analysis for BKGMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
411.31 413.76 400.76 401.98 -1.40
Prev. Close Volume Bid Ask Time
401.98 0 2022-05-27 13:52:33
52wk High864.2352wk High Date2018-04-20
52wk Low655.2352wk Low Date2018-11-26
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