SPDR S&P BIOTECH ETF (XBI) Stock Technical Analysis
NYSEARCA:XBI - NYSE Arca - US78464A8707 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to XBI. In the past year, XBI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, XBI is a bad performer in the overall market: 76% of all stocks are doing better.
XBI has an average volume of 12303900 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 trading in the upper part of its 52 week range, so XBI is lagging the market slightly.
In the last month XBI has a been trading in the 78.00 - 85.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, XBI does present a nice setup opportunity. 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.
More info and screens
72.92
102.55
We found 3 important support areas.
- Support @76.37 from a horizontal line in the daily time frame.
- Support @75.06 from a trend line in the weekly time frame.
- Support @73.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 82.94 to 85.28. 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 | DOWN | NEGATIVE | The long term trend for XBI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XBI is neutral. |
| ChartMill Relative Strength | 24.87 | NEGATIVE | XBI has a low relative strength, it was outperformed by 75.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XBI is above 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) | 52.25 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests XBI has a negative trend. |
| Stochastics (14,3) | 51.35 | NEUTRAL | The Stochastics value for XBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.17 | 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)
82.38
-0.28 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.34%
1 Week-2.35%
2 Weeks-0.22%
1 Month3.84%
3 Month-5.44%
6 Month-9.75%
12 Month-10.82%
2 Year-0.99%
3 Year10.92%
5 Year-26.41%
10 Year-2.02%
15 Year377.38%
Volatility
ATR(14)1.75
ATR(20)%2.08%
ATR Inc-4.85%
Range Today1.6
ADR(20)1.62
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.87
Mansfield-1.29
10 Day High85.96
10 Day Low81.52
20 Day High85.96
20 Day Low78
52 Week High105.47
52 Week Low66.66
CS1 End76.37
CR1 Start82.94
Volume & EV
DER(3)-0.97%
DER(5)-1.28%
Volume8.49M
Volume Incr-7.43%
Vol(5)9.90M
Vol(50)12.30M