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Index Trend Analysis Report

Prepared for you on Thursday, July 18, 2019.

NASDAQ BANKING INDEX (NASDAQ:BANK)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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
3599.66 3619.91 3594.67 3619.74 +16.48
Entry Signal

MarketClub’s Trade Triangles for BANK

long term up The long term trend has been UP since Feb 19th, 2019 at 3823.36

intermediate term up The intermediate term trend has been UP since Jun 18th, 2019 at 3613.49

short term down The short term trend has been DOWN since Jul 15th, 2019 at 3623.77

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
3599.66 3619.91 3594.67 3619.74 +16.48
Prev. Close Volume Bid Ask Time
3603.12 0 2019-07-18 10:50:04
52wk High4418.6952wk High Date2018-06-07
52wk Low3506.5552wk Low Date2018-10-24
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