ISHARES BIOTECHNOLOGY ETF (IBB) Stock Technical Analysis
USA - NASDAQ:IBB - US4642875565 - ETF
152.05 USD
+0.06 (+0.04%)
152.64 USD
+0.59 (+0.39%)
Taking everything into account, IBB scores 8 out of 10 in our technical rating. Although IBB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
IBB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IBB has a been trading in the 138.78 - 153.01 range, which is quite wide. It is currently trading near the high of this range.
IBB has an average volume of 1827630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IBB outperforms 67% of them, which is more or less in line with the market.
Although IBB has an excellent technical rating, it does not offer a high quality setup 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
134.12
153.58
When analyzing the support we notice one important area.
- A support zone ranging from 135.47 to 141.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 152.06 to 152.06. 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 | UP | POSITIVE | The short term trend for IBB is up. |
| ChartMill Relative Strength | 67.43 | NEUTRAL | IBB is not amongst the best or worst performers 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) | 72.2 | OVERBOUGHT | The high RSI value suggests IBB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests IBB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92 | OVERBOUGHT | The high Stochastics value suggests IBB may be overbought. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for IBB suggests low volalility. |
| Average Directional Index/ADX (14) | 34.69 | POSITIVE | The high ADX value value for IBB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
152.05
+0.06 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week1.62%
2 Weeks9.33%
1 Month5.74%
3 Month15.55%
6 Month30%
12 Month4.44%
2 Year33.75%
3 Year18.24%
5 Year16.41%
10 Year40.16%
15 Year410.81%
Volatility
ATR(14)2.11
ATR(20)%1.41%
ATR Inc-14.44%
Range Today1.13
ADR(20)2.05
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.43
Mansfield0.15
10 Day High153.01
10 Day Low139.2
20 Day High153.01
20 Day Low138.79
52 Week High153.01
52 Week Low107.43
CS1 End141.41
CR1 Start152.06
Volume & EV
DER(3)0.81%
DER(5)0.37%
Volume1.22M
Volume Incr4.02%
Vol(5)2.17M
Vol(50)1.83M