Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
BNY Mellon India Select DR Total Return Index (CAD) (CME:BKINCTR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 BKINCTR
The long term trend has been DOWN since Aug 2nd, 2019 at 9024.36
The intermediate term trend has been UP since Sep 13th, 2019 at 8934.38
The short term trend has been UP since Sep 11th, 2019 at 8718.51
Smart Scan Analysis for BKINCTR
Based on a pre-defined weighted trend formula for chart analysis, BKINCTR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10197.49||52wk High Date||2018-09-04|
|52wk Low||7455.74||52wk Low Date||2018-10-25|