Index Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
KBW NASDAQ GLOBAL BANK INDEX (NASDAQ:GBKX)
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 GBKX
The long term trend has been DOWN since Apr 3rd, 2018 at 988.47
The intermediate term trend has been UP since Jan 6th, 2019 at 768.05
The short term trend has been UP since Jan 3rd, 2019 at 751.57
Smart Scan Analysis for GBKX
Based on a pre-defined weighted trend formula for chart analysis, GBKX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1136.59||52wk High Date||2018-01-29|
|52wk Low||791.46||52wk Low Date||2018-10-26|