| IBB latest price $140.8350 (6.18%) ($135.1300 - $143.3600) on Wed. Nov. 4, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.74% (three month average) |
RSI | 51 |
Latest Price | $140.8350(6.18%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | IBB advances 1.3% a day on average for past five trading days. |
Weekly Trend | IBB declines -1.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support IBB advance at 0% a week (0% probability) IWO(78%) XBI(73%) IWM(70%) IWF(69%) IPO(68%) |
Factors Impacting IBB price | IBB will decline at least -0.87% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) TBT(-10%) EDOC(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.87% (StdDev 1.74%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
| |
|
|