Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
Based on a pre-defined weighted trend formula for chart analysis, BCAP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
|
|
|
|
|
+10 |
Last Hour Close Above 5 Hour Moving Average |
|
+15 |
New 3 Day High on Wednesday |
|
-20 |
No Data for 20 Day Moving Average |
|
+25 |
New 3 Week High, July 31st |
|
-30 |
New 3 Month Low on April 12 |
|
+50 |
Total Score |
|