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Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
NASDAQ BIOTECH INDEX (NASDAQ:NBI)
Countertrend Down (-85) - NBI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for NBI
The long-term trend has been DOWN since Apr 4th, 2024 at 4278.93
The intermediate-term trend has been DOWN since Mar 14th, 2024 at 4361.22
The short-term trend has been UP since Apr 23rd, 2024 at 4139.91
Smart Scan Analysis for NBI
Based on our trend formula, NBI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4130.55 | 4187.34 | 4130.54 | 4159.85 | +52.99 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4159.85 | 0 | 2024-04-23 17:15:59 |
| 52wk High | 3865.88 | 52wk High Date | 2018-10-01 |
| 52wk Low | 3152.68 | 52wk Low Date | 2018-04-06 |