| XBI latest price $113.9200 (0.1%) ($113.0900 - $115.5400) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.03% (three month average) |
RSI | 37 |
Latest Price | $113.9200(0.1%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 0.8% a day on average for past five trading days. |
Weekly Trend | XBI declines -0.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IBB(74%) ARKG(71%) ARKK(69%) SKYY(63%) IWO(62%) |
Factors Impacting XBI price | XBI will decline at least -1.015% in a week (0% probabilities). VIXM(-44%) UUP(-26%) VXX(-16%) TBT(-9%) XLC(-6%) |
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 | -1.015% (StdDev 2.03%) |
Hourly BBV | -0.6 () |
Intraday Trend | 0.3% |
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