| XBI latest price $90.8000 (2.9%) ($87.2700 - $90.9400) on Mon. Jan. 29, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.08% (three month average) |
RSI | 38 |
Latest Price | $90.8000(2.9%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 0.4% a day on average for past five trading days. |
Weekly Trend | XBI declines -1.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IWO(80%) IWM(79%) IWN(73%) IVE(56%) DIA(55%) |
Factors Impacting XBI price | XBI will decline at least -1.04% in a week (0% probabilities). VXX(-49%) VIXM(-41%) UUP(-37%) XLE(12%) GLD(20%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.04% (StdDev 2.08%) |
Hourly BBV | 2.5 () |
Intraday Trend | 3% |
| |
|
|