| XBI latest price $105.6200 (2.89%) ($103.2400 - $105.6200) on Wed. May. 20, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.08% (three month average) |
RSI | 69 |
Latest Price | $105.6200(2.89%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 1.1% a day on average for past five trading days. |
Weekly Trend | XBI advances 4% 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 XBI advance at 0% a week (0% probability) IBB(75%) ARKG(72%) ARKK(70%) IWO(63%) SKYY(63%) |
Factors Impacting XBI price | XBI will decline at least -2.04% in a week (0% probabilities). VIXM(-45%) UUP(-26%) VXX(-18%) TBT(-7%) XLC(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.04% (StdDev 4.08%) |
Hourly BBV | 0 () |
Intraday Trend | 1.4% |
| |
|
|