| XBI latest price $80.5900 (-2.76%) ($80.1800 - $82.3800) on Tue. Dec. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.53% (three month average) |
RSI | 42 |
Latest Price | $80.5900(-2.76%) |
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 1.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) VFMO(58%) VT(57%) TAN(56%) XAR(55%) VYM(54%) |
Factors Impacting XBI price | XBI will decline at least -1.265% in a week (0% probabilities). VIXM(-36%) UUP(-23%) TBT(-16%) VXX(-9%) IWN(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.265% (StdDev 2.53%) |
Hourly BBV | -1.6 () |
Intraday Trend | -1.8% |
| |
|
|