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Index Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
NASDAQ BANKING INDEX (NASDAQ:BANK)
Strong Uptrend (+100) - BANK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BANK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BANK?
MarketClub looks at technical strength and momentum to determine if the timing is right for BANK.
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 BANK
The long-term trend has been UP since Aug 11th, 2022 at 4475.36
The intermediate-term trend has been UP since Jul 19th, 2022 at 4142.20
The short-term trend has been UP since Jul 18th, 2022 at 4037.47
Smart Scan Analysis for BANK
Based on our trend formula, BANK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4554.71 | 4592.48 | 4554.64 | 4592.23 | +23.98 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4568.25 | 0 | 2022-08-16 11:26:27 |
| 52wk High | 4418.69 | 52wk High Date | 2018-06-07 |
| 52wk Low | 3506.55 | 52wk Low Date | 2018-10-24 |