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Index Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

NASDAQ BIOTECH INDEX (NASDAQ:NBI)

Bear Market Rally (-75) - NBI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NBI as it may be in the beginning of a reversal.

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
4712.60 4768.34 4669.22 4766.33 +66.78
Entry Signal

MarketClub’s Trade Triangles for NBI

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 4909.31

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2021 at 4854.57

short term up The short-term trend has been UP since Dec 8th, 2021 at 4741.13

Smart Scan Analysis for NBI

Based on our trend formula, NBI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4712.60 4768.34 4669.22 4766.33 +66.78
Prev. Close Volume Bid Ask Time
4699.55 0 2021-12-08 14:38:09
52wk High3865.8852wk High Date2018-10-01
52wk Low3152.6852wk Low Date2018-04-06
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