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Stock Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
89bio, Inc. (NASDAQ:ETNB)
Sidelines Mode (-55) - ETNB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ETNB?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETNB.
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 ETNB
The long-term trend has been UP since Feb 29th, 2024 at 12.10
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 11.10
The short-term trend has been UP since Apr 30th, 2024 at 8.66
Smart Scan Analysis for ETNB
Based on our trend formula, ETNB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.540 | 9.140 | 8.540 | 8.755 | +0.245 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.510 | 479599 | 2024-05-01 15:59:42 |
| 52wk High | 22.93 | 52wk High Date | 2023-06-13 |
| 52wk Low | 6.575 | 52wk Low Date | 2023-10-23 |
| Average Volume | 747,442 | Shares Outstanding | 93,501 |
| Assets | 596,269,000M | Liabilities | 59,963,000M |
| P/E Ratio | -8.14940000 |