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Stock Trend Analysis Report
Prepared for you on Saturday, May 18, 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.
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MarketClub’s Trade Triangles for SKRE
The long-term trend has been DOWN since May 6th, 2024 at 24.00
The intermediate-term trend has been DOWN since May 1st, 2024 at 24.97
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).
| 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 High | 30.3599 | 52wk High Date | 2024-02-07 |
| 52wk Low | 22.58 | 52wk Low Date | 2024-05-15 |
| Average Volume | 54,805 |