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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.

NASDAQ_BANK
Open High Low BANK Price Change
4554.71 4592.48 4554.64 4592.23 +23.98
Entry Signal

MarketClub’s Trade Triangles for BANK

long term up The long-term trend has been UP since Aug 11th, 2022 at 4475.36

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 4142.20

short term up 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).

+100
Smart Scan Analysis for BANK
Strong Downtrend Sideways 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 High4418.6952wk High Date2018-06-07
52wk Low3506.5552wk Low Date2018-10-24
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