| XBI latest price $111.4200 (-2.05%) ($109.8500 - $115.2700) on Wed. Jun. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.63% (three month average) |
RSI | 68 |
Latest Price | $111.4200(-2.05%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 1.2% a day on average for past five trading days. |
Weekly Trend | XBI advances 3.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IBB(75%) ARKG(72%) ARKK(69%) IWO(63%) SKYY(63%) |
Factors Impacting XBI price | XBI will decline at least -1.315% in a week (0% probabilities). VIXM(-44%) UUP(-26%) VXX(-17%) TBT(-8%) XLC(-4%) |
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 | -1.315% (StdDev 2.63%) |
Hourly BBV | -0.4 () |
Intraday Trend | -1.5% |
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