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Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
NASDAQ BANKING INDEX (NASDAQ:BANK)
Sidelines Mode (+55) - BANK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BANK
The long-term trend has been UP since Dec 1st, 2023 at 3317.16
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 3508.90
The short-term trend has been UP since Apr 19th, 2024 at 3487.68
Smart Scan Analysis for BANK
Based on our trend formula, BANK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3468.18 | 3564.87 | 3455.85 | 3564.87 | +102.10 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3564.87 | 0 | 2024-04-19 17:15:02 |
| 52wk High | 4418.69 | 52wk High Date | 2018-06-07 |
| 52wk Low | 3506.55 | 52wk Low Date | 2018-10-24 |