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Stock Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

Chembio Diagnostics, Inc. (NASDAQ:CEMI)

Long-Term Downtrend (-90) - CEMI is in a strong downtrend that is likely to continue. While CEMI 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 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
0.650 0.660 0.630 0.658 +0.008
Entry Signal

MarketClub’s Trade Triangles for CEMI

long term down The long-term trend has been DOWN since Nov 5th, 2021 at 2.2500

intermediate term down The intermediate-term trend has been DOWN since Jun 28th, 2022 at 0.6456

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 0.6456

Smart Scan Analysis for CEMI

Based on our trend formula, CEMI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CEMI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.650 0.660 0.630 0.658 +0.008
Prev. Close Volume Bid Ask Time
0.650 13350 2022-06-29 10:59:11
Year High11.55Year High Date2018-08-13
Year Low5.721Year Low Date2018-11-15
52wk High7.3452wk High Date2021-07-22
52wk Low0.41519852wk Low Date2022-05-12
Year End Close4.73Average Volume164,945
Shares Outstanding30,222Short Interest5,638
% Institutional1.1Market Cap113M
Assets62,890,215MLiabilities36,355,069M
Beta0.05Volatility87.79
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