Index Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Dow Jones U.S. Biotechnology Index (INDEX:DJUSBT)
Strong Downtrend (-100) - DJUSBT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DJUSBT continues to fall. Traders should use caution 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 Jan 5th, 2022 at 2774.51
The short-term trend has been DOWN since Jan 13th, 2022 at 2686.57
Smart Scan Analysis for DJUSBT
Based on our trend formula, DJUSBT is rated as a -100 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|