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.
MarketClub’s Trade Triangles for NBI
The long term trend has been UP since Jul 6th, 2018 at 3578.96
The intermediate term trend has been DOWN since Jul 30th, 2018 at 3608.05
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).
|52wk High||3776.25||52wk High Date||2018-07-24|
|52wk Low||3152.68||52wk Low Date||2018-04-06|