Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
BNY MELLON NETHERLANDS ADR INDEX (CME:BKNL)
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 BKNL
The long term trend has been UP since Apr 3rd, 2019 at 201.62
The intermediate term trend has been DOWN since May 7th, 2019 at 204.20
The short term trend has been DOWN since May 20th, 2019 at 198.29
Smart Scan Analysis for BKNL
Based on a pre-defined weighted trend formula for chart analysis, BKNL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||227.29||52wk High Date||2018-01-25|
|52wk Low||179.17||52wk Low Date||2018-10-26|