Index Trend Analysis Report
Prepared for you on Saturday, May 26, 2018.
NASDAQ BIOTECH INDEX (NASDAQ:NBI)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NBI
The long term trend has been DOWN since Apr 3rd, 2018 at 3181.85
The intermediate term trend has been UP since May 14th, 2018 at 3360.15
The short term trend has been DOWN since May 21st, 2018 at 3349.10
Smart Scan Analysis for NBI
Based on a pre-defined weighted trend formula for chart analysis, NBI scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3749.48||52wk High Date||2018-01-29|
|52wk Low||2959.76||52wk Low Date||2017-05-31|