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Index Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

NASDAQ BANKING INDEX (NASDAQ:BANK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
3941.73 3942.98 3911.97 3918.66 -2.36
Entry Signal

MarketClub’s Trade Triangles for BANK

long term up The long term trend has been UP since Dec 12th, 2019 at 3898.30

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 3908.72

short term up The short term trend has been UP since Jan 16th, 2020 at 3922.09

Smart Scan Analysis for BANK

Based on a pre-defined weighted trend formula for chart analysis, BANK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for BANK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3941.73 3942.98 3911.97 3918.66 -2.36
Prev. Close Volume Bid Ask Time
3882.53 0 2020-01-17 17:14:12
52wk High4418.6952wk High Date2018-06-07
52wk Low3506.5552wk Low Date2018-10-24
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