| XBI latest price $120.3600 (1.36%) ($118.2600 - $120.9650) on Mon. Jul. 20, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 74 |
Latest Price | $120.3600(1.36%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 1.5% a day on average for past five trading days. |
Weekly Trend | XBI advances 2.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IBB(75%) ARKG(71%) ARKK(69%) IWO(63%) SKYY(63%) |
Factors Impacting XBI price | XBI will decline at least -1.06% in a week (0% probabilities). VIXM(-44%) UUP(-26%) VXX(-16%) TBT(-8%) XLC(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.06% (StdDev 2.12%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.3% |
| |
|
|