| XBI latest price $119.8700 (-2.42%) ($119.0900 - $121.9500) on Fri. Nov. 6, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.15% (three month average) |
RSI | 52 |
Latest Price | $119.8700(-2.42%) |
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 1.1% a week on average for past two weeks. |
Market Behavior | Normal 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(73%) ARKG(70%) ARKK(69%) SKYY(64%) VUG(63%) |
Factors Impacting XBI price | XBI will decline at least -1.075% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.075% (StdDev 2.15%) |
Hourly BBV | -1.8 () |
Intraday Trend | -1.7% |
| |
|
|