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Index Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
S&P Biotechnology Select Industry Index (CME:SPSIBI)
Bull Market Weakness (+75) - SPSIBI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPSIBI as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPSIBI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIBI.
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 SPSIBI
The long-term trend has been UP since Nov 20th, 2019 at 6808.33
The intermediate-term trend has been UP since Feb 11th, 2020 at 7530.83
The short-term trend has been DOWN since Feb 20th, 2020 at 7464.82
Smart Scan Analysis for SPSIBI
Based on our trend formula, SPSIBI is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7594.04 | 7594.04 | 7506.37 | 7561.80 | -32.24 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7370.60 | 0 | 2020-02-21 11:24:55 |
| 52wk High | 7896.46 | 52wk High Date | 2018-06-21 |
| 52wk Low | 5756.26 | 52wk Low Date | 2018-11-14 |