Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
BNY Mellon Middle East GDR Index (CME:BKGME)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 DOWN since Apr 8th, 2019 at 363.77
The short term trend has been UP since Jul 4th, 2019 at 287.62
Smart Scan Analysis for BKGME
Based on a pre-defined weighted trend formula for chart analysis, BKGME scored -65 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|