| IBB latest price $135.0800 (1.5%) ($132.6300 - $135.2000) on Wed. Sep. 2, 2020. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.46% (three month average) |
| RSI | 52 |
| Latest Price | $135.0800(1.5%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | IBB advances 0.3% a day on average for past five trading days. |
| Weekly Trend | IBB declines -0.1% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support IBB advance at 0% a week (0% probability)
IWO(78%) XBI(74%) IWM(70%) IWF(69%) ARKG(68%) |
| Factors Impacting IBB price | IBB will decline at least -0.73% in a week (0% probabilities).
VIXM(-40%) UUP(-23%) VXX(-16%) TBT(-9%) EDOC(-2%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
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| Relative Volatility | (options are extremely cheap) |
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| Market Trend Strength | -0.73% (StdDev 1.46%) |
| Hourly BBV | 0.8 () |
| Intraday Trend | 0% |
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