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Index Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
NASDAQ TELECOM INDEX (NASDAQ:IXTC)
Countertrend Down (-85) - IXTC is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid IXTC?
MarketClub looks at technical strength and momentum to determine if the timing is right for IXTC.
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MarketClub’s Trade Triangles for IXTC
The long-term trend has been DOWN since Feb 20th, 2024 at 391.74
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 395.00
The short-term trend has been UP since Apr 19th, 2024 at 381.76
Smart Scan Analysis for IXTC
Based on our trend formula, IXTC is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 384.73 | 388.57 | 384.66 | 386.16 | +1.57 |
| Prev. Close | Volume | Bid | Ask | Time |
| 384.59 | 0 | 2024-04-23 17:15:37 |
| 52wk High | 396.68 | 52wk High Date | 2018-10-01 |
| 52wk Low | 327.57 | 52wk Low Date | 2017-12-01 |