Index Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
iShares NASDAQ BIOTECH IND VALUE (NASDAQ:IBB.IV)
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 IBB.IV
The long term trend has been UP since Jan 22nd, 2018 at 114.16
The intermediate term trend has been UP since Mar 7th, 2018 at 111.84
The short term trend has been DOWN since Mar 15th, 2018 at 113.29
Smart Scan Analysis for IBB.IV
Based on a pre-defined weighted trend formula for chart analysis, IBB.IV scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||119.21||52wk High Date||2018-01-29|
|52wk Low||94.27667||52wk Low Date||2017-05-31|