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.
MarketClub’s Trade Triangles for NBI
The long-term trend has been DOWN since Oct 1st, 2021 at 4909.31
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 4854.57
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).
|52wk High||3865.88||52wk High Date||2018-10-01|
|52wk Low||3152.68||52wk Low Date||2018-04-06|