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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

NASDAQ BIOTECH INDEX (NASDAQ:NBI)

Long-Term Downtrend (-90) - NBI is in a strong downtrend that is likely to continue. While NBI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NBI?

MarketClub looks at technical strength and momentum to determine if the timing is right for NBI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_NBI
Open High Low NBI Price Change
4321.33 4323.39 4286.36 4311.81 -51.86
Entry Signal

MarketClub’s Trade Triangles for NBI

long term down The long-term trend has been DOWN since Apr 4th, 2024 at 4278.93

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 4327.74

short term down The short-term trend has been DOWN since May 23rd, 2024 at 4424.52

Smart Scan Analysis for NBI

Based on our trend formula, NBI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4321.33 4323.39 4286.36 4311.81 -51.86
Prev. Close Volume Bid Ask Time
4311.81 0 2024-05-29 17:15:24
52wk High3865.8852wk High Date2018-10-01
52wk Low3152.6852wk Low Date2018-04-06
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