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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.
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MarketClub’s Trade Triangles for CEMI
The long-term trend has been DOWN since Nov 5th, 2021 at 2.2500
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 0.6456
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).
| 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 High | 11.55 | Year High Date | 2018-08-13 |
| Year Low | 5.721 | Year Low Date | 2018-11-15 |
| 52wk High | 7.34 | 52wk High Date | 2021-07-22 |
| 52wk Low | 0.415198 | 52wk Low Date | 2022-05-12 |
| Year End Close | 4.73 | Average Volume | 164,945 |
| Shares Outstanding | 30,222 | Short Interest | 5,638 |
| % Institutional | 1.1 | Market Cap | 113M |
| Assets | 62,890,215M | Liabilities | 36,355,069M |
| Beta | 0.05 | Volatility | 87.79 |