Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
BNY MELLON NEW FRONTIER DR INDEX (CME:BKNFR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 BKNFR
The long term trend has been UP since Feb 6th, 2019 at 909.95
The intermediate term trend has been UP since Jan 10th, 2019 at 867.31
The short term trend has been DOWN since Mar 22nd, 2019 at 943.43
Smart Scan Analysis for BKNFR
Based on a pre-defined weighted trend formula for chart analysis, BKNFR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1115.33||52wk High Date||2018-03-19|
|52wk Low||851.48||52wk Low Date||2018-10-30|