| XBI latest price $71.4600 (4.38%) ($69.2100 - $71.5100) on Tue. May. 17, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.36% (three month average) |
RSI | 45 |
Latest Price | $71.4600(4.38%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 1.1% a day on average for past five trading days. |
Weekly Trend | XBI declines -5.8% 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) VT(64%) VUG(63%) XLY(61%) XRT(61%) XHB(60%) |
Factors Impacting XBI price | XBI will decline at least -1.68% in a week (0% probabilities). VIXM(-44%) UUP(-28%) TBT(-14%) VXX(-10%) UNG(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.68% (StdDev 3.36%) |
Hourly BBV | 1.7 () |
Intraday Trend | 2.1% |
| |
|
|