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Index Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

NASDAQ BIOTECH INDEX (NASDAQ:NBI)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

NASDAQ_NBI
Open High Low NBI Price Change
3654.78 3667.88 3630.93 3656.02 -3.17
Entry Signal

MarketClub’s Trade Triangles for NBI

long term up The long term trend has been UP since Jul 6th, 2018 at 3578.96

intermediate term down The intermediate term trend has been DOWN since Jul 30th, 2018 at 3608.05

short term down The short term trend has been DOWN since Aug 10th, 2018 at 3681.27

Smart Scan Analysis for NBI

Based on a pre-defined weighted trend formula for chart analysis, NBI scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for NBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3654.78 3667.88 3630.93 3656.02 -3.17
Prev. Close Volume Bid Ask Time
3656.59 0 2018-08-17 15:59:58
52wk High3776.2552wk High Date2018-07-24
52wk Low3152.6852wk Low Date2018-04-06
Want to analyze NASDAQ BIOTECH INDEX NBI or another symbol? Try our Free Index Trend Analysis Report.