BTK NEWS why is Amex Biotechnology Index price falling or rising

BTK NEWS reasons for why stock price of Amex Biotechnology Index is falling or rising

BTK Amex Biotechnology is falling or rising technical reasons

Technical analysis forecast for Amex Biotechnology Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Amex Biotechnology BTK at this time. Stock is falling and might fall more.

It appears as if Amex Biotechnology BTK gave a large move recently.

Stock of Amex Biotechnology (BTK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Amex Biotechnology is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4896.7 as stoploss in an intra day buy trade for a target of 5036.92. However, stock will show a bearish move below 4896.7.

BTK Amex Biotechnology is falling or rising NEWS fundamental reasons

More announcements and NEWS

BTK Amex Biotechnology Index current price & indicator signals

Moving Averages for Amex Biotechnology Index

  • 5Day Average: 4946.05
  • 12Day Average: 4966.59
  • 20Day Average: 5065.55
  • 50Day Average: 5173.53
  • 100Day Average: 5207.56
  • 150Day Average: 5091.11
  • 200Day Average: 5134.3

BTK Indicators & signals

Indicator MACD (12,26,9)

4984.07, 5065.65, -71.68
Indicator MACD is in negative zone

Indicator ADX (14)

35.46, 16.72, 35.09
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BTK Amex Biotechnology Index are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 4939.03 4899.39 to 4958.43 0.76% 0 times
25 Thu Apr 2024 4902.00 4860.57 to 4988.38 -1.73% 0 times
24 Wed Apr 2024 4988.38 4973.89 to 5025.19 -0.03% 0 times
23 Tue Apr 2024 4989.80 4911.03 to 4989.80 1.6% 0 times
22 Mon Apr 2024 4911.03 4859.15 to 4944.45 0.93% 0 times
19 Fri Apr 2024 4865.67 4821.53 to 4889.61 0.08% 0 times
18 Thu Apr 2024 4861.76 4860.11 to 4938.66 -1.56% 0 times
17 Wed Apr 2024 4938.66 4938.66 to 4991.57 -0.83% 0 times
16 Tue Apr 2024 4979.84 4975.84 to 5030.34 -0.1% 0 times
15 Mon Apr 2024 4984.82 4969.77 to 5086.97 -1.6% 0 times
12 Fri Apr 2024 5065.66 5049.25 to 5172.43 -2.06% 0 times
11 Thu Apr 2024 5172.43 5139.18 to 5209.24 -0.21% 0 times

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