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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P Biotechnology Select Industry Index (CME:SPSIBI)

Long-Term Downtrend (-90) - SPSIBI is in a strong downtrend that is likely to continue. While SPSIBI 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 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.

CME_SPSIBI
Open High Low SPSIBI Price Change
6949.81 6949.81 6777.66 6808.81 -141.00
Entry Signal

MarketClub’s Trade Triangles for SPSIBI

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 6706.05

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 6834.37

short term down The short-term trend has been DOWN since May 23rd, 2024 at 7077.44

Smart Scan Analysis for SPSIBI

Based on our trend formula, SPSIBI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPSIBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6949.81 6949.81 6777.66 6808.81 -141.00
Prev. Close Volume Bid Ask Time
6808.81 0 2024-05-29 16:19:50
52wk High7896.4652wk High Date2018-06-21
52wk Low5756.2652wk Low Date2018-11-14
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