Index Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
NYSE ARCA MINI BIOTECH INDEX (PACF:BJE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BJE
The long term trend has been DOWN since Oct 23rd, 2018 at 235.3883
The intermediate term trend has been DOWN since Oct 8th, 2018 at 252.6723
The short term trend has been DOWN since Nov 9th, 2018 at 237.8436
Smart Scan Analysis for BJE
Based on a pre-defined weighted trend formula for chart analysis, BJE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||271.2699||52wk High Date||2018-09-28|
|52wk Low||199.859||52wk Low Date||2017-11-15|