Index Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
BNY MELLON MIDDLE EAST GDR INDEX (CME:BKGME)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BKGME
The long term trend has been DOWN since Jan 14th, 2019 at 341.21
The intermediate term trend has been UP since Feb 11th, 2019 at 348.41
The short term trend has been DOWN since Feb 14th, 2019 at 351.51
Smart Scan Analysis for BKGME
Based on a pre-defined weighted trend formula for chart analysis, BKGME scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||464.9||52wk High Date||2018-03-26|
|52wk Low||350.21||52wk Low Date||2018-11-23|