Free NYSE Arca Biotechnology Index (BTK) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
20 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
NYS/--

NYSE Arca Biotechnology Index (BTK) signal with technical analysis on 20 Nov

On 20 Nov, we conducted a comprehensive technical analysis of NYSE Arca Biotechnology Index (BTK), considering 256 signals with intricate details. Here are the key findings: 22 signals suggested buy strategies, while 163 indicated sell strategies. The remaining 71 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 8
Sell Signals: 36
Neutral Signals: 20
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 3
Sell Signals: 39
Neutral Signals: 22
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 4
Sell Signals: 43
Neutral Signals: 17
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 7
Sell Signals: 45
Neutral Signals: 12
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 22
Sell Signals: 163
Neutral Signals: 71
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your NYSE Arca Biotechnology Index (BTK) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for NYSE Arca Biotechnology Index (BTK) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
NYSE Arca Biotechnology Index (BTK) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
NYSE Arca Biotechnology Index (BTK) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 24.87% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **NYSE Arca Biotechnology Index (BTK)** holdings.

NYSE Arca Biotechnology Index (BTK) Price Analysis and Support Levels:

In our current NYSE Arca Biotechnology Index (BTK) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 4821.53 We are closely monitoring the price at the first support level of 4821.53, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 4470.11 If the first support level at 4821.53 is broken, the second support level at 4470.11 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading NYSE Arca Biotechnology Index (BTK). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

NYSE Arca Biotechnology Index (BTK) technical analysis chart

NYSE Arca Biotechnology Index (BTK) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 4821.53 4470.11 -- -- --
 NYSE Arca Biotechnology Index (BTK) Support and Resistance area (20 Nov)

NYSE Arca Biotechnology Index (BTK) signals list for 20 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NYSE Arca Biotechnology Index (BTK) candlestick patterns on 20 Nov

Today's NYSE Arca Biotechnology Index (BTK) Candle Patterns List:

Hammer Hanging Man

NYSE Arca Biotechnology Index (BTK) technical analysis over the past days

# Date Overal Signals ALL Signals
1 19 Nov Hold HoldHoldHoldHold
2 18 Nov Hold HoldHoldHoldHold
3 15 Nov Sell HoldHoldSellSell
4 14 Nov Sell HoldSellNeutralNeutral
5 13 Nov Neutral HoldNeutralHoldHold
6 12 Nov Sell SellHoldHoldHold
7 11 Nov Hold HoldHoldHoldHold
8 08 Nov Hold HoldHoldHoldHold
9 07 Nov Hold HoldHoldHoldHold
10 06 Nov Hold HoldHoldHoldHold
11 05 Nov Hold HoldHoldHoldHold
12 04 Nov Hold HoldHoldHoldHold
13 01 Nov Buy BuyBuyBuyBuy
14 31 Oct Hold NeutralNeutralHoldHold
15 30 Oct Buy BuyNeutralHoldHold
16 29 Oct Hold NeutralHoldHoldHold
17 28 Oct Hold NeutralHoldHoldHold
18 25 Oct Hold HoldHoldHoldHold
19 24 Oct Sell HoldHoldSellHold
20 23 Oct Sell HoldSellNeutralSell
21 22 Oct Sell HoldNeutralNeutralNeutral
22 21 Oct Sell SellSellNeutralNeutral
23 18 Oct Buy BuyHoldBuyBuy
24 17 Oct Hold NeutralHoldNeutralNeutral
25 16 Oct Hold HoldHoldHoldHold
26 15 Oct Hold HoldHoldHoldHold
27 14 Oct Hold HoldHoldHoldHold
28 11 Oct Buy BuyBuyBuyBuy
29 10 Oct Hold HoldHoldHoldNeutral
30 09 Oct Sell HoldHoldSellSell

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