Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
NASDAQ BIOTECHNOLOGY TOTAL RETURN INDEX (NASDAQ:XNBI)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for XNBI
The long term trend has been DOWN since May 13th, 2019 at 3348.03
The intermediate term trend has been DOWN since Sep 26th, 2019 at 3270.73
The short term trend has been UP since Oct 7th, 2019 at 3254.31
Smart Scan Analysis for XNBI
Based on a pre-defined weighted trend formula for chart analysis, XNBI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3991.24000000||52wk High Date||2018-10-01|
|52wk Low||3247.06000000||52wk Low Date||2018-04-06|