| IBB latest price $128.9450 (1.8%) ($128.9450 - $129.0050) on Fri. Jun. 2, 2023. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.12% (three month average) |
| RSI | 46 |
| Latest Price | $128.9450(1.8%) |
| 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 -1.1% 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)
XBI(88%) IWO(72%) IWM(70%) IWD(69%) XLV(68%) |
| Factors Impacting IBB price | IBB will decline at least -0.56% in a week (0% probabilities).
VXX(-39%) VIXM(-35%) TBT(-33%) UUP(-21%) USO(1%) |
| 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 | -0.56% (StdDev 1.12%) |
| Hourly BBV | 1.9 () |
| Intraday Trend | 0% |
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