Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
BNY Mellon Developed Markets 100 ADR Index (CME:BKTDM)
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 BKTDM
The long term trend has been UP since Aug 30th, 2019 at 1060.71
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1040.90
The short term trend has been UP since Dec 5th, 2019 at 1051.76
Smart Scan Analysis for BKTDM
Based on a pre-defined weighted trend formula for chart analysis, BKTDM scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1213.39||52wk High Date||2018-01-25|
|52wk Low||973.54||52wk Low Date||2018-10-26|