| XBI latest price $123.6600 (1.39%) ($121.5600 - $123.6600) on Wed. Nov. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 61 |
Latest Price | $123.6600(1.39%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 0.1% 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 | 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 -1.05% in a week (0% probabilities). VIXM(-45%) UUP(-26%) VXX(-16%) TBT(-10%) EDOC(-7%) |
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 | -1.05% (StdDev 2.1%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.6% |
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