| XBI latest price $89.3900 (0.9%) ($88.3900 - $90.0100) on Fri. Jan. 27, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 68 |
Latest Price | $89.3900(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | XBI advances 0.5% a day on average for past five trading days. |
Weekly Trend | XBI advances 2.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support XBI advance at 0% a week (0% probability) IBB(86%) IWO(75%) IWM(72%) IWC(71%) IWN(67%) |
Factors Impacting XBI price | XBI will decline at least -1.1% in a week (0% probabilities). VIXM(-35%) UUP(-19%) TBT(-14%) VXX(-8%) BNDX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.1% (StdDev 2.2%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0.9% |
| |
|
|