Index Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
iShares NASDAQ BIOTECH IND VALUE (NASDAQ:IBB.IV)
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 IBB.IV
The long term trend has been DOWN since Apr 3rd, 2018 at 101.12
The intermediate term trend has been UP since May 14th, 2018 at 106.88
The short term trend has been UP since May 30th, 2018 at 107.80
Smart Scan Analysis for IBB.IV
Based on a pre-defined weighted trend formula for chart analysis, IBB.IV scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||119.21||52wk High Date||2018-01-29|
|52wk Low||96.89333||52wk Low Date||2017-06-16|