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(CEMI) Chembio Diagnostics complete technical analysis [charts+indicators] | Buy/Sell Chembio Diagnostics | (CEMI) share price targets

Complete technical analysis of Chembio Diagnostics (CEMI) by charts plus indicators, forecast predictions and share price targets for Chembio Diagnostics (CEMI)

Chembio Diagnostics trades in USA in Health Care sector.

10 day averaged volume of Chembio Diagnostics is 59977980

Date Daily Closing Price Open High Low Volume
29 Thu Jul 2021 2.79 2.93 2.94 2.75 0.048 times
28 Wed Jul 2021 2.94 2.75 3.09 2.75 0.118 times
27 Tue Jul 2021 2.75 2.96 2.97 2.63 0.122 times
26 Mon Jul 2021 2.97 3.10 3.47 2.93 0.209 times
23 Fri Jul 2021 3.06 4.00 4.06 2.95 0.399 times
22 Thu Jul 2021 4.31 4.97 7.34 4.25 2.513 times
21 Wed Jul 2021 5.34 4.01 6.95 3.83 6.602 times
20 Tue Jul 2021 2.06 2.39 2.41 2.06 0.023 times
19 Mon Jul 2021 2.46 2.39 2.52 2.38 0.006 times
16 Fri Jul 2021 2.41 2.43 2.49 2.40 0.003 times

My analysis of stock is bearish for shortterm, and stock might move down till 2.2 or till 1.3. Use a stoploss of 2.89 and if the stock hits stoploss, then it can shoot up till 3.59

Share price targets for Chembio Diagnostics (CEMI)

Target Type Value
Downside Target 2.06
Downside Target 2.38
Downside Target 2.47
Downside Target 2.63
Downside Target 2.69
Upside Target 2.81
Upside Target 2.96
Upside Target 3.33
Upside Target 3.42
Upside Target 4.01
Upside Target 5.79
Upside Target 6.25
Upside Target 7.34

Intraday share price targets for Chembio Diagnostics (CEMI)

Target Type Value
Downside Intraday Target 2.46
Downside Intraday Target 2.12
Upside Intraday Target 3.3
Upside Intraday Target 3.8
Upside Intraday Target 2.96

Weekly technical analysis of Chembio Diagnostics (CEMI)

Date Weekly Closing Price Open High Low Volume
29 Thu Jul 2021 2.79 3.10 3.47 2.63 0.052 times
23 Fri Jul 2021 3.06 2.39 7.34 2.06 521.062 times
16 Fri Jul 2021 2.41 2.65 2.69 2.38 0.821 times
09 Fri Jul 2021 2.62 2.88 2.88 2.47 4.001 times
02 Fri Jul 2021 2.90 2.96 2.96 2.83 0.17 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Chembio Diagnostics (CEMI)

Date Monthly Closing Price Open High Low Volume
29 Thu Jul 2021 2.79 2.98 7.34 2.06 45.002 times
30 Wed Jun 2021 2.97 3.20 3.42 2.81 1.583 times
28 Fri May 2021 3.19 3.97 4.01 2.97 0.028 times
30 Fri Apr 2021 3.99 3.58 6.25 3.35 15.903 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Chembio Diagnostics (CEMI)

Indicator Name Indicator Value Indicator Signal
ADX 42, 19, 38 Buy
MACD -0, -0Sell
Stochastics 15Sell
CCI -36Sell
RSI 60Buy
OBV 202235000Sell
VWAP 5Sell
ADL 0Sell
ROC 14Buy
Force Index 0Sell

Price action analysis of Chembio Diagnostics ( (CEMI) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chembio Diagnostics ( (CEMI) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chembio Diagnostics ( (CEMI) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chembio Diagnostics ( (CEMI) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Chembio Diagnostics stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Chembio Diagnostics in short term and the sell signal is strong.

Chembio Diagnostics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Chembio Diagnostics in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Chembio Diagnostics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.86 and Chembio Diagnostics (CEMI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Chembio Diagnostics (CEMI) stock. Volume based technical analysis of Chembio Diagnostics (CEMI) stock is negative.

Chembio Diagnostics Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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