| XBI latest price $84.9700 (0.76%) ($84.1600 - $85.6800) on Fri. Jul. 21, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.5% (three month average) |
RSI | 60 |
Latest Price | $84.9700(0.76%) |
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 1.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IBB(90%) ARKG(85%) IWO(78%) IWM(76%) IWN(71%) |
Factors Impacting XBI price | XBI will decline at least -0.75% in a week (0% probabilities). VXX(-36%) TBT(-35%) VIXM(-31%) UUP(-24%) USO(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.75% (StdDev 1.5%) |
Hourly BBV | -1 () |
Intraday Trend | 0.1% |
| |
|
|