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Index Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

NASDAQ BANKING INDEX (NASDAQ:BANK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

NASDAQ_BANK
Open High Low BANK Price Change
3616.73 3657.71 3614.51 3653.95 +23.86
Entry Signal

MarketClub’s Trade Triangles for BANK

long term down The long term trend has been DOWN since Aug 7th, 2019 at 3449.35

intermediate term down The intermediate term trend has been DOWN since Oct 3rd, 2019 at 3476.81

short term up The short term trend has been UP since Oct 7th, 2019 at 3555.61

Smart Scan Analysis for BANK

Based on a pre-defined weighted trend formula for chart analysis, BANK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for BANK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3616.73 3657.71 3614.51 3653.95 +23.86
Prev. Close Volume Bid Ask Time
3519.62 0 2019-10-18 17:15:42
52wk High4418.6900000052wk High Date2018-06-07
52wk Low3506.5500000052wk Low Date2018-10-24
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