ISHARES BIOTECHNOLOGY ETF (IBB) Stock Technical Analysis
NASDAQ:IBB - US4642875565 - ETF
139.84 USD
+1.08 (+0.78%)
140.29 USD
+0.45 (+0.32%)
Overall IBB gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
IBB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IBB is lagging the market slightly.
In the last month IBB has a been trading in the 130.25 - 141.66 range, which is quite wide. It is currently trading near the high of this range.
IBB has an average volume of 1562420 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 48% 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
127.76
150.97
We found 3 important support areas.
- Support @139.43 from a horizontal line in the daily time frame.
- A support zone ranging from 131.22 to 137.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @129.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 148.86 to 149.48. 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 | 48.57 | 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) | DOWN | MIXED | The current price of IBB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.1 | NEUTRAL | The RSI value for IBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests IBB has a positive trend. |
| Stochastics (14,3) | 86.98 | OVERBOUGHT | The high Stochastics value suggests IBB may be overbought. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for IBB suggests low volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for IBB suggests a possible start of a new 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)
139.84
+1.08 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.78%
1 Week0.78%
2 Weeks5.91%
1 Month3.2%
3 Month15.33%
6 Month0.67%
12 Month-5.48%
2 Year8.65%
3 Year15.13%
5 Year3.13%
10 Year22.67%
15 Year433.88%
Volatility
ATR(14)2.05
ATR(20)%1.54%
ATR Inc23.68%
Range Today2.41
ADR(20)2.02
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.57
Mansfield-0.52
10 Day High141.66
10 Day Low131.36
20 Day High141.66
20 Day Low130.25
52 Week High150.57
52 Week Low107.43
CS1 End139.43
CR1 Start148.86
Volume & EV
DER(3)0.98%
DER(5)0.67%
Volume1.31M
Volume Incr-21.89%
Vol(5)1.20M
Vol(50)1.56M