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Stock Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

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.

Open High Low CEMI Price Change
0.3397 0.3700 0.3300 0.3500 0.0000
Entry Signal

MarketClub’s Trade Triangles for CEMI

long term up The long-term trend has been UP since Feb 1st, 2023 at 0.4368

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 0.4401

short term down The short-term trend has been DOWN since Mar 10th, 2023 at 0.4430

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).

Smart Scan Analysis for CEMI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3397 0.3700 0.3300 0.3500 0.0000
Prev. Close Volume Bid Ask Time
0.3500 892798 2023-03-20 15:59:48
Year High11.55Year High Date2018-08-13
Year Low5.721Year Low Date2018-11-15
52wk High1.2452wk High Date2022-08-04
52wk Low0.1952wk Low Date2022-12-29
Year End Close4.73Average Volume447,519
Shares Outstanding36,708Short Interest5,638
% Institutional1.1Market Cap113M
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