| IBB latest price $138.0100 (-1.15%) ($137.7100 - $140.3700) on Tue. Oct. 6, 2020. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.65% (three month average) |
| RSI | 53 |
| Latest Price | $138.0100(-1.15%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | IBB advances 0.5% a day on average for past five trading days. |
| Weekly Trend | IBB advances 0.8% a week on average for past two weeks. |
| Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support IBB advance at 0% a week (0% probability)
IWO(78%) XBI(73%) IWM(70%) IVW(69%) IWF(69%) |
| Factors Impacting IBB price | IBB will decline at least -0.825% in a week (0% probabilities).
VIXM(-41%) UUP(-23%) VXX(-16%) TBT(-9%) EDOC(-5%) |
| 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 | -0.825% (StdDev 1.65%) |
| Hourly BBV | 0.3 () |
| Intraday Trend | 0% |
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