Index Trend Analysis Report
Prepared for you on Tuesday, January 26, 2021.
First Trust NYSE Arca Biotechnology Index Fund (GIF:FBT)
Long-Term Uptrend (+90) - FBT is in a strong uptrend that is likely to continue. While FBT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for FBT
The long-term trend has been UP since Dec 14th, 2020 at 166.59
The intermediate-term trend has been UP since Nov 4th, 2020 at 165.36
The short-term trend has been UP since Jan 6th, 2021 at 169.46
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).