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Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
NASDAQ BIOTECHNOLOGY TOTAL RETURN INDEX (NASDAQ:XNBI)
Long-Term Downtrend (-90) - XNBI is in a strong downtrend that is likely to continue. While XNBI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XNBI?
MarketClub looks at technical strength and momentum to determine if the timing is right for XNBI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XNBI
The long-term trend has been DOWN since Apr 4th, 2024 at 4581.64
The intermediate-term trend has been DOWN since Mar 14th, 2024 at 4673.08
The short-term trend has been DOWN since Apr 1st, 2024 at 4696.98
Smart Scan Analysis for XNBI
Based on our trend formula, XNBI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4358.41 | 4384.34 | 4320.67 | 4361.38 | +8.66 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4361.38 | 0 | 2024-04-19 17:15:01 |
| 52wk High | 3991.24 | 52wk High Date | 2018-10-01 |
| 52wk Low | 3247.06 | 52wk Low Date | 2018-04-06 |