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Stock Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Tuttle Capital Daily 2X Inverse Regional Banks ETF (NASDAQ:SKRE)

Long-Term Downtrend (-90) - SKRE is in a strong downtrend that is likely to continue. While SKRE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SKRE?

MarketClub looks at technical strength and momentum to determine if the timing is right for SKRE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_SKRE
Open High Low SKRE Price Change
23.3200 23.3500 22.9101 23.2000 -0.1700
Entry Signal

MarketClub’s Trade Triangles for SKRE

long term down The long-term trend has been DOWN since May 6th, 2024 at 24.00

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2024 at 24.97

short term down The short-term trend has been DOWN since May 10th, 2024 at 23.73

Smart Scan Analysis for SKRE

Based on our trend formula, SKRE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SKRE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.3200 23.3500 22.9101 23.2000 -0.1700
Prev. Close Volume Bid Ask Time
23.1500 18929 2024-05-17 15:46:35
52wk High30.359952wk High Date2024-02-07
52wk Low22.5852wk Low Date2024-05-15
Average Volume50,085
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