| IBB latest price $134.4000 (0.3%) ($131.5300 - $134.4600) on Tue. Jun. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.2% (three month average) |
RSI | 57 |
Latest Price | $134.4000(0.3%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | IBB advances 0.5% a day on average for past five trading days. |
Weekly Trend | IBB advances 0.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support IBB advance at 0% a week (0% probability) IWO(76%) XBI(75%) IWF(69%) ARKG(68%) IVW(68%) |
Factors Impacting IBB price | IBB will decline at least -1.6% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-17%) TBT(-7%) IYT(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.6% (StdDev 3.2%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0% |
| |
|
|