Free KBW Nasdaq Bank Index (BKX) Technical Analysis Signals

Overal Signal
Sell
Signals
Hold Hold Neutral Neutral
Last Update / Period
05 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
NIM/--

KBW Nasdaq Bank Index (BKX) signal with technical analysis on 05 Nov

On 05 Nov, we conducted a comprehensive technical analysis of KBW Nasdaq Bank Index (BKX), considering 256 signals with intricate details. Here are the key findings: 60 signals suggested buy strategies, while 117 indicated sell strategies. The remaining 79 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 1
Sell Signals: 42
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 12
Sell Signals: 29
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 22
Sell Signals: 24
Neutral Signals: 18
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 25
Sell Signals: 22
Neutral Signals: 17
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 60
Sell Signals: 117
Neutral Signals: 79
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your KBW Nasdaq Bank Index (BKX) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for KBW Nasdaq Bank Index (BKX) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
KBW Nasdaq Bank Index (BKX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
KBW Nasdaq Bank Index (BKX) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 24.86% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **KBW Nasdaq Bank Index (BKX)** investments.

KBW Nasdaq Bank Index (BKX) Price Analysis and Support Levels:

In our current KBW Nasdaq Bank Index (BKX) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 105.06
We are closely monitoring the price at 105.06, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 96.31
If the first support level is broken, the second support level at 96.31 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 90.54
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 90.54 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading KBW Nasdaq Bank Index (BKX). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

KBW Nasdaq Bank Index (BKX) technical analysis chart

KBW Nasdaq Bank Index (BKX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 105.06 96.31 90.54 85.95 71.32
 KBW Nasdaq Bank Index (BKX) Support and Resistance area (05 Nov)

KBW Nasdaq Bank Index (BKX) signals list for 05 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

KBW Nasdaq Bank Index (BKX) candlestick patterns on 05 Nov

Today's KBW Nasdaq Bank Index (BKX) Candle Patterns List:

Belt-hold Long Line Candle

KBW Nasdaq Bank Index (BKX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 04 Nov Sell HoldSellNeutralNeutral
2 01 Nov Neutral HoldNeutralHoldHold
3 31 Oct Sell SellHoldHoldHold
4 30 Oct Hold HoldHoldHoldHold
5 29 Oct Hold HoldHoldHoldHold
6 28 Oct Buy BuyBuyHoldHold
7 25 Oct Sell SellNeutralHoldHold
8 24 Oct Hold NeutralHoldHoldHold
9 23 Oct Sell SellHoldHoldHold
10 22 Oct Hold NeutralHoldHoldHold
11 21 Oct Hold NeutralHoldHoldHold
12 18 Oct Hold HoldHoldHoldHold
13 17 Oct Hold HoldHoldHoldHold
14 16 Oct Hold HoldHoldHoldHold
15 15 Oct Hold HoldHoldHoldHold
16 14 Oct Hold HoldHoldHoldHold
17 11 Oct Hold HoldHoldHoldHold
18 10 Oct Hold HoldHoldHoldHold
19 09 Oct Hold HoldHoldHoldHold
20 08 Oct Hold HoldHoldHoldHold
21 07 Oct Hold HoldHoldHoldHold
22 04 Oct Buy BuyBuyBuyBuy
23 03 Oct Sell HoldHoldHoldSell
24 02 Oct Sell HoldHoldSellNeutral
25 01 Oct Sell SellSellNeutralNeutral
26 30 Sep Buy BuyHoldHoldHold
27 27 Sep Hold NeutralHoldHoldHold
28 26 Sep Buy NeutralBuyBuyBuy
29 25 Sep Sell SellNeutralNeutralNeutral
30 24 Sep Hold NeutralHoldHoldHold

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