Index Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
S&P Biotechnology Select Industry Index (CME:SPSIBI)
Bear Market Rally (-75) - SPSIBI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPSIBI as it may be in the beginning 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.
MarketClub’s Trade Triangles for SPSIBI
The long-term trend has been DOWN since Mar 5th, 2021 at 10132.70
The intermediate-term trend has been DOWN since Nov 18th, 2021 at 9480.79
The short-term trend has been UP since Jan 26th, 2022 at 7233.49
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).
|52wk High||7896.46||52wk High Date||2018-06-21|
|52wk Low||5756.26||52wk Low Date||2018-11-14|