Stock Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
iShares Nasdaq Biotechnology Index Fund (NASDAQ:IBB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 IBB
The long term trend has been DOWN since May 13th, 2019 at 102.89
The intermediate term trend has been DOWN since Jul 19th, 2019 at 105.04
The short term trend has been DOWN since Aug 22nd, 2019 at 104.85
Smart Scan Analysis for IBB
Based on a pre-defined weighted trend formula for chart analysis, IBB scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||122.97||Year High Date||2018-10-01|
|Year Low||100.221||Year Low Date||2018-04-06|
|52wk High||122.97||52wk High Date||2018-10-01|
|52wk Low||89.01||52wk Low Date||2018-12-24|
|Year End Close||137.22||Average Volume||2,591,950|
|Shares Outstanding||87,900||% Institutional||71.8|