Defiance Nasdaq Junior Biotechnology ETF (IBBJ) Stock Technical Analysis
USA - NASDAQ:IBBJ - ETF
29.87 USD
0 (0%)
We assign a technical rating of 1 out of 10 to IBBJ. IBBJ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
76% of all other stocks performed better in the past year than IBBJ.
IBBJ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: IBBJ has an average volume of 2661 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
IBBJ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month IBBJ has a been trading in a tight range between 29.87 and 30.57.
IBBJ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
27.63
34.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.33 to 29.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.91 to 28.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.17 to 31.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 33.34 to 33.78. 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 | DOWN | NEGATIVE | The long term trend for IBBJ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBBJ is up. |
| ChartMill Relative Strength | 24.56 | NEGATIVE | IBBJ has a low relative strength, it was outperformed by 75.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBBJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IBBJ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBBJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.63 | NEUTRAL | The RSI value for IBBJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IBBJ has a negative trend. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for IBBJ suggests low volalility. |
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)
Defiance Nasdaq Junior Biotechnology ETF
NASDAQ:IBBJ (12/2/2021, 8:24:33 PM)
29.87
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks-0.1%
1 Month-0.98%
3 Month-4.9%
6 Month-1.18%
12 Month-7.26%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.4%
ATR Inc-88.98%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.56
Mansfield-1.61
10 Day High29.94
10 Day Low29.87
20 Day High30.57
20 Day Low29.87
52 Week High41.45
52 Week Low27.85
CS1 End29.77
CR1 Start31.17
Volume & EV
DER(3)0%
DER(5)0%
Volume2.20K
Volume Incr-56.08%
Vol(5)1.50K
Vol(50)2.66K