| XBI latest price $111.8100 (2.78%) ($109.6500 - $112.3500) on Mon. Aug. 31, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 57 |
Latest Price | $111.8100(2.78%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 0.6% a day on average for past five trading days. |
Weekly Trend | XBI declines -0.8% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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(74%) ARKG(71%) ARKK(69%) IWO(63%) SKYY(63%) |
Factors Impacting XBI price | XBI will decline at least -0.95% in a week (0% probabilities). VIXM(-44%) UUP(-26%) VXX(-16%) TBT(-9%) EDOC(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.95% (StdDev 1.9%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.7% |
| |
|
|