SPDR S&P BIOTECH ETF (XBI) Stock Technical Analysis
NYSEARCA:XBI - NYSE Arca - US78464A8707 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to XBI. In the last year, XBI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
75% of all other stocks performed better in the past year than XBI.
The long and short term trends are both positive. This is looking good!
In the last month XBI has a been trading in the 82.71 - 89.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
XBI has an average volume of 10358300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
XBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XBI is lagging the market.
XBI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 85.60, a Stop Loss order could be placed below this zone.
More info and screens
72.92
102.55
We found 3 important support areas.
- A support zone ranging from 83.93 to 85.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.82 to 76.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.66 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 86.63 to 88.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @101.53 from a horizontal line in the weekly 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 XBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XBI is up. |
| ChartMill Relative Strength | 25.9 | NEGATIVE | XBI has a low relative strength, it was outperformed by 74.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of XBI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.91 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests XBI has a negative trend. |
| Stochastics (14,3) | 21.07 | NEUTRAL | The Stochastics value for XBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.43 | NEGATIVE | The low ADX value for XBI suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.83 | 85.43 | 3.40 (3.83%) | 25.00% |
| An entry @88.83. This is a Buy Stop order right above the resistance zone. | An exit @85.43. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.40 points, which is 3.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.24
+0.4 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.47%
1 Week-2.24%
2 Weeks-1.8%
1 Month3.8%
3 Month3.28%
6 Month-6.94%
12 Month-10.6%
2 Year2.31%
3 Year6.3%
5 Year-21.12%
10 Year1.28%
15 Year371.43%
Volatility
ATR(14)1.84
ATR(20)%2.22%
ATR Inc-9.93%
Range Today2.1
ADR(20)1.81
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.9
Mansfield-1.21
10 Day High89.06
10 Day Low85.44
20 Day High89.06
20 Day Low82.71
52 Week High105.47
52 Week Low66.66
CS1 End85.6
CR1 Start86.63
Volume & EV
DER(3)-0.43%
DER(5)-0.98%
Volume11.61M
Volume Incr12.53%
Vol(5)11.17M
Vol(50)10.36M