SS SPDR S&P BIOTECH ETF (XBI) Technical Analysis
NYSEARCA:XBI • US78464A8707
Current stock price
XBI Technical Rating and Analysis
Taking everything into account, XBI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XBI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, XBI did better than 87% of all other stocks. On top of that, XBI also shows a nice and consistent pattern of rising prices.
- XBI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month XBI has a been trading in the 118.19 - 133.60 range, which is quite wide. It is currently trading near the high of this range.
- XBI has an average volume of 9708460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
XBI Weekly and Daily overview Charts
XBI Setup Rating and Analysis
Besides having an excellent technical rating, XBI also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 132.06. Right above this resistance zone may be a good entry point.
More info and screens
XBI Support and Resistance Analysis
117.28
We found 3 important support areas.
- Support @131.57 from a horizontal line in the daily time frame.
- A support zone ranging from 125.05 to 125.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.46 to 122.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 132.06 to 132.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
XBI Technical Indicator Signal Analysis
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 | 87.12 | POSITIVE | XBI has a high relative strength, it outperformed 87.12% 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) | UP | POSITIVE | The current price of XBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.39 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests XBI has a positive trend. |
| Stochastics (14,3) | 84.98 | OVERBOUGHT | The high Stochastics value suggests XBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.79 | NEGATIVE | The low ADX value for XBI suggests a weak or negative trend. |
XBI Chart- and CandleStick Pattern Analysis
XBI Example Setup
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 |
|---|---|---|---|
| 132.07 | 131.56 | 0.51 (0.39%) | 25.00% |
| An entry @132.07. This is a Buy Stop order right above the resistance zone. | An exit @131.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 0.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- The distance between exit and entry is rather small compared to the average daily movement of XBI. Please evaluate whether better entry and exit points can be found.
- 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.
XBI Technicals: Chart, Performance Metrics, Trend & Indicators
132.05
+2.61 (+2.02%)
SS SPDR S&P BIOTECH ETF / XBI TA FAQ
What is the ChartMill technical rating of SS SPDR S&P BIOTECH ETF (XBI) stock?
ChartMill assigns a technical rating of 10 / 10 to XBI.
What is the current trend direction of SS SPDR S&P BIOTECH ETF (XBI) stock?
The current trend direction for SS SPDR S&P BIOTECH ETF (XBI) is Bullish.
What is the RSI signal for XBI stock?
SS SPDR S&P BIOTECH ETF (XBI) has an RSI value of 61.3858. This indicates that the stock is currently neutral.
What is the short term momentum for XBI stock?
The short term momentum for SS SPDR S&P BIOTECH ETF (XBI) is positive.
What is the buy/sell signal for XBI stock?
The buy/sell signal for SS SPDR S&P BIOTECH ETF (XBI) is buy as both the short term and long term trends are positive.