Free Daily Analysis

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.

TSE_FBT
Open High Low FBT Price Change
22.84 23.02 22.27 23.00 +0.16
Entry Signal

MarketClub’s Trade Triangles for FBT

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 29.105

intermediate term down The intermediate-term trend has been DOWN since Dec 29th, 2021 at 28.690

short term down 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).

-90
Smart Scan Analysis for FBT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.84 23.02 22.27 23.00 +0.16
Prev. Close Volume Bid Ask Time
22.84 8287 2022-01-24 15:26:18
Get a free daily analysis and signals for FIRST TRUST NYSE ARCA BIOTECHNOLOGY ETF (FBT) - Request Your Free Report.