| XBI latest price $122.9500 (6.16%) ($117.6400 - $124.2200) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 52 |
Latest Price | $122.9500(6.16%) |
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 declines -0.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IBB(73%) ARKG(70%) ARKK(69%) SKYY(64%) VUG(63%) |
Factors Impacting XBI price | XBI will decline at least -1.065% in a week (0% probabilities). VIXM(-45%) UUP(-26%) VXX(-16%) TBT(-10%) EDOC(-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 | -1.065% (StdDev 2.13%) |
Hourly BBV | 1.3 () |
Intraday Trend | 3.6% |
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