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Index Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

BNY Mellon MENA GDR Total Return Index (CME:BKGMAT)

Sidelines Mode (+55) - BKGMAT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BKGMAT?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKGMAT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKGMAT
Open High Low BKGMAT Price Change
686.61 686.61 686.61 686.61 +2.64
Entry Signal

MarketClub’s Trade Triangles for BKGMAT

long term up The long-term trend has been UP since Nov 29th, 2023 at 655.24

intermediate term down The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 711.36

short term up The short-term trend has been UP since May 17th, 2024 at 683.97

Smart Scan Analysis for BKGMAT

Based on our trend formula, BKGMAT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BKGMAT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
686.61 686.61 686.61 686.61 +2.64
Prev. Close Volume Bid Ask Time
686.61 0 2024-05-17 12:37:56
52wk High1234.7852wk High Date2018-05-11
52wk Low957.9752wk Low Date2018-11-28
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