Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
NASDAQ BANKING INDEX (NASDAQ:BANK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.
MarketClub’s Trade Triangles for BANK
The long term trend has been UP since Feb 19th, 2019 at 3823.36
The intermediate term trend has been DOWN since May 13th, 2019 at 3644.42
The short term trend has been UP since May 21st, 2019 at 3679.09
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).
|52wk High||4418.69||52wk High Date||2018-06-07|
|52wk Low||3506.55||52wk Low Date||2018-10-24|