Index Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
iShares NASDAQ BIOTECH IND VALUE (NASDAQ:IBB.IV)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 IBB.IV
The long term trend has been UP since Jul 6th, 2018 at 113.93
The intermediate term trend has been DOWN since Sep 17th, 2018 at 116.47
The short term trend has been UP since Sep 20th, 2018 at 118.25
Smart Scan Analysis for IBB.IV
Based on a pre-defined weighted trend formula for chart analysis, IBB.IV scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||122.51||52wk High Date||2018-08-31|
|52wk Low||100.29||52wk Low Date||2018-04-06|