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Index Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

NASDAQ BANKING INDEX (NASDAQ:BANK)

Weak Downtrend (-65) - BANK is showing signs of a strengthening downtrend. Monitor BANK as it may be building momentum to the downside.

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
2985.93 3027.46 2985.74 3007.26 +22.03
Entry Signal

MarketClub’s Trade Triangles for BANK

long term up The long-term trend has been UP since Jul 18th, 2023 at 3231.38

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2023 at 3320.30

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 3095.68

Smart Scan Analysis for BANK

Based on our trend formula, BANK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BANK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2985.93 3027.46 2985.74 3007.26 +22.03
Prev. Close Volume Bid Ask Time
2985.23 0 2023-09-28 16:11:32
52wk High4418.6952wk High Date2018-06-07
52wk Low3506.5552wk Low Date2018-10-24
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