Index Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
NYSE ARCA MINI BIOTECH INDEX (PACF:BJE)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 BJE
The long term trend has been UP since Feb 16th, 2017 at 173.2010
The intermediate term trend has been DOWN since Sep 17th, 2018 at 253.5571
The short term trend has been UP since Sep 20th, 2018 at 258.0697
Smart Scan Analysis for BJE
Based on a pre-defined weighted trend formula for chart analysis, BJE scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||268.0111||52wk High Date||2018-08-30|
|52wk Low||199.859||52wk Low Date||2017-11-15|