| XBI latest price $146.8800 (-4.06%) ($146.1800 - $154.8000) on Thu. Feb. 25, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Growing Downtrend |
Trend Narrative | Downtrend |
Average Daily Price Swing | $7.01 (4.38% one month average) |
Average Daily Percentage Swing | 1.99% (three month average) |
Weekly Trend Force | -1% (StdDev 1.99%) |
Daily Moving Force | -0.6% |
Rebound Strength | None(0%) |
Trend | -0.7% |
Trend Strength | -2% |
RSI | 36 |
Momentum | 2.2 |
Latest Price | $146.8800(-4.06%) |
Forecasted Low Price | 145.41(-1%) |
Forecasted High Price | 148.2(0.9%) |
Direction of Next Movement | Range(-0.6%) |
% Change Needed to Confirm Rebound | 6.6% ((156.64)) |
% Change Needed for Trend Reversal | 7.8% |
Hourly Trend | 0.1% [$151.18(0.12), $152.24(-2.18)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 0 |
Intraday Reversal Probability | There's a high probability the price will reverse sharply to upside intraday or next day.. |
Daily Trend | XBI declines -1.3% a day on average for past five trading days. |
Weekly Trend | XBI declines -4.9% 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 decline at-0.3% a week (87% probability) IBB(87%) IWO(85%) IWM(82%) VFMO(79%) ARKG(78%) |
Factors Impacting XBI price | XBI will decline at least -0.7% in a week (33% probabilities). VXX(-48%) VIXM(-32%) TBT(-27%) CNCR(-14%) XRT(-10%) |
Explanation | The decline is sustainable and supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | -1.9 |
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Relative Volatility | 1.1 (options are expensive) |
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Market Trend Strength | -2% (StdDev 1.99%) |
Hourly BBV | -3.4 () |
Intraday Trend | -4% |
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