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Stock Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Chembio Diagnostics, Inc. (NASDAQ:CEMI)

Weak Downtrend (-65) - CEMI is showing signs of a strengthening downtrend. Monitor CEMI as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CEMI?

MarketClub looks at technical strength and momentum to determine if the timing is right for CEMI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_CEMI
Open High Low CEMI Price Change
2.390 2.480 2.390 2.415 +0.005
Entry Signal

MarketClub’s Trade Triangles for CEMI

long term up The long-term trend has been UP since Jul 21st, 2021 at 6.25

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2021 at 2.52

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 2.41

Smart Scan Analysis for CEMI

Based on our trend formula, CEMI is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CEMI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.390 2.480 2.390 2.415 +0.005
Prev. Close Volume Bid Ask Time
2.410 684533 2021-10-20 15:59:46
Year High11.55Year High Date2018-08-13
Year Low5.721Year Low Date2018-11-15
52wk High8.7552wk High Date2021-01-26
52wk Low2.0652wk Low Date2021-07-20
Year End Close4.73Average Volume1,013,714
Shares Outstanding28,623Short Interest5,638
% Institutional1.1Market Cap113M
Assets49,576,617MLiabilities34,473,364M
Beta0.05Volatility87.79
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