| IBB latest price $128.2700 (-0.12%) ($128.2700 - $128.2700) on Fri. Jul. 14, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 0.87% (three month average) |
| RSI | 46 |
| Latest Price | $128.2700(-0.12%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | IBB advances 0.6% a day on average for past five trading days. |
| Weekly Trend | IBB advances 0.4% a week on average for past two weeks. |
| Market Behavior | Rotation from value to growth for large cap. Broad based sell-off for small cap. |
| Correlated ETFs | Broad market will support IBB advance at 0% a week (0% probability)
XBI(89%) ARKG(81%) IWO(77%) IWM(75%) IWN(72%) |
| Factors Impacting IBB price | IBB will decline at least -0.435% in a week (0% probabilities).
VXX(-42%) VIXM(-39%) TBT(-38%) UUP(-23%) USO(-5%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.435% (StdDev 0.87%) |
| Hourly BBV | 0.3 () |
| Intraday Trend | 0% |
| | |
| |
|