Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
NASDAQ BIOTECHNOLOGY TOTAL RETURN INDEX (NASDAQ:XNBI)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.
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 Apr 17th, 2019 at 3482.94
The short term trend has been UP since May 16th, 2019 at 3368.20
Smart Scan Analysis for XNBI
Based on a pre-defined weighted trend formula for chart analysis, XNBI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3991.24||52wk High Date||2018-10-01|
|52wk Low||3247.06||52wk Low Date||2018-04-06|