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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.

NASDAQ_BANK
Open High Low BANK Price Change
3662.73 3681.30 3662.58 3670.78 +21.51
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 down The intermediate term trend has been DOWN since May 13th, 2019 at 3644.42

short term up 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).

-55
Smart Scan Analysis for BANK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3662.73 3681.30 3662.58 3670.78 +21.51
Prev. Close Volume Bid Ask Time
3808.25 0 2019-05-21 14:25:49
52wk High4418.6952wk High Date2018-06-07
52wk Low3506.5552wk Low Date2018-10-24
Want to analyze NASDAQ BANKING INDEX BANK or another symbol? Try our Free Index Trend Analysis Report.