Analyze Symbol
Index Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
NASDAQ BIOTECH INDEX (NASDAQ:NBI)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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MarketClub’s Trade Triangles for NBI
The long term trend has been DOWN since May 13th, 2019 at 3234.28
The intermediate term trend has been DOWN since Jul 19th, 2019 at 3301.65
The short term trend has been UP since Aug 19th, 2019 at 3301.99
Smart Scan Analysis for NBI
Based on a pre-defined weighted trend formula for chart analysis, NBI scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3326.55 | 3337.14 | 3293.44 | 3296.55 | -40.62 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3274.81 | 0 | 2019-08-20 17:15:34 |
| 52wk High | 3865.88 | 52wk High Date | 2018-10-01 |
| 52wk Low | 3152.68 | 52wk Low Date | 2018-04-06 |