Index Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Dow Jones U.S. Biotechnology Index (INDEX:DJUSBT)
Countertrend Down (-85) - DJUSBT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DJUSBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJUSBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJUSBT
The long-term trend has been DOWN since Oct 1st, 2021 at 2820.28
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 3013.47
The short-term trend has been UP since Oct 14th, 2021 at 2789.00
Smart Scan Analysis for DJUSBT
Based on our trend formula, DJUSBT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2285.77||52wk High Date||2018-01-29|
|52wk Low||1831.39||52wk Low Date||2018-10-25|