We assign a technical rating of 9 out of 10 to IBB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBB is showing a nice and steady performance.
Although IBB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
132.90
We found 4 important support areas.
- A support zone ranging from 164.07 to 168.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 155.82 to 157.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @149.51 from a trend line in the daily time frame.
- Support @134.24 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IBB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBB is up. |
| ChartMill Relative Strength | 86.82 | POSITIVE | IBB has a high relative strength, it outperformed 86.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.49 | OVERBOUGHT | The high RSI value suggests IBB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests IBB has a positive trend. |
| Stochastics (14,3) | 97.68 | OVERBOUGHT | The high Stochastics value suggests IBB may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for IBB suggests low volalility. |
| Average Directional Index/ADX (14) | 44.25 | POSITIVE | The high ADX value value for IBB suggests a strong trend. |
173.83
+0.17 (+0.1%)
ISHARES BIOTECHNOLOGY ETF / IBB FAQ
Can you provide the ChartMill technical rating for ISHARES BIOTECHNOLOGY ETF?
ChartMill assigns a technical rating of 9 / 10 to IBB.
What is the current trend direction of ISHARES BIOTECHNOLOGY ETF (IBB) stock?
The current trend direction for ISHARES BIOTECHNOLOGY ETF (IBB) is Bullish.
What is the RSI signal for ISHARES BIOTECHNOLOGY ETF (IBB) stock?
ISHARES BIOTECHNOLOGY ETF (IBB) has an RSI value of 78.4866. This indicates that the stock is currently overbought.
What is the MACD signal for ISHARES BIOTECHNOLOGY ETF (IBB) stock?
The MACD indicator for ISHARES BIOTECHNOLOGY ETF (IBB) has a value of 0.704317, indicating a bearish trend.
Can you provide the buy/sell signal for ISHARES BIOTECHNOLOGY ETF?
The buy/sell signal for ISHARES BIOTECHNOLOGY ETF (IBB) is buy as both the short term and long term trends are positive.