We assign a technical rating of 9 out of 10 to IBB. Both in the recent history as in the last year, IBB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although IBB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
153.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 165.49 to 171.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @155.53 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 176.75 to 176.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for IBB is neutral. |
| ChartMill Relative Strength | 84.92 | POSITIVE | IBB has a high relative strength, it outperformed 84.92% 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) | 65.58 | NEUTRAL | The RSI value for IBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IBB has a positive trend. |
| Stochastics (14,3) | 59.59 | NEUTRAL | The Stochastics value for IBB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for IBB suggests low volalility. |
| Average Directional Index/ADX (14) | 20.29 | NEUTRAL | The ADX value for IBB suggests a possible start of a new trend. |
176.74
+5.5 (+3.21%)
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.
Can you provide the trend direction for ISHARES BIOTECHNOLOGY ETF?
The current trend direction for ISHARES BIOTECHNOLOGY ETF (IBB) is Bullish.
What is the RSI signal for IBB stock?
ISHARES BIOTECHNOLOGY ETF (IBB) has an RSI value of 65.5814. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ISHARES BIOTECHNOLOGY ETF?
ISHARES BIOTECHNOLOGY ETF (IBB) has a support level at 171.01 and a resistance level at 176.75. Check the full technical report for our detailed analysis of IBB support and resistance levels.