Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
BNY MELLON RUSSIA GDR INDEX (CME:BKGRU)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 BKGRU
The long term trend has been UP since Dec 18th, 2018 at 849.24
The intermediate term trend has been DOWN since Feb 14th, 2019 at 819.78
The short term trend has been UP since Feb 18th, 2019 at 834.21
Smart Scan Analysis for BKGRU
Based on a pre-defined weighted trend formula for chart analysis, BKGRU scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||963.94||52wk High Date||2018-02-26|
|52wk Low||733.97||52wk Low Date||2018-09-10|