Stock Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
FIRST TRUST NYSE ARCA BIOTECHNOLOGY ETF (TSE:FBT)
Long-Term Downtrend (-90) - FBT is in a strong downtrend that is likely to continue. While FBT 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 FBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for FBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FBT
The long-term trend has been DOWN since Oct 4th, 2021 at 29.105
The intermediate-term trend has been DOWN since Dec 29th, 2021 at 28.690
The short-term trend has been DOWN since Dec 30th, 2021 at 27.750
Smart Scan Analysis for FBT
Based on our trend formula, FBT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).