SPDR S&P BIOTECH ETF (XBI) Stock Technical Analysis
NYSEARCA:XBI - NYSE Arca - US78464A8707 - ETF - Currency: USD
Overall XBI gets a technical rating of 0 out of 10. XBI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
75% of all other stocks performed better in the past year than XBI.
In the last month XBI has a been trading in the 75.68 - 84.24 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 12657000 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.
Although the technical rating is bad, XBI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
72.92
102.84
We found 2 important support areas.
- Support @78.74 from a trend line in the daily time frame.
- A support zone ranging from 73.66 to 74.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 78.98 to 79.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 81.15 to 82.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.50 to 83.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @85.63 from a trend line in the daily time frame.
- A resistance zone ranging from 101.53 to 101.82. 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 XBI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XBI is neutral. |
| ChartMill Relative Strength | 25.49 | NEGATIVE | XBI has a low relative strength, it was outperformed by 74.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XBI is below a declining 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) | 48.4 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests XBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.07 | NEUTRAL | The Stochastics value for XBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.47 | 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)
78.77
-0.53 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.67%
1 Week-3.23%
2 Weeks1.57%
1 Month-3.8%
3 Month-11.21%
6 Month-20.93%
12 Month-11.62%
2 Year-6.14%
3 Year14.52%
5 Year-23.94%
10 Year-0.78%
15 Year336.56%
Volatility
ATR(14)2.21
ATR(20)%2.92%
ATR Inc-50.67%
Range Today1.28
ADR(20)2.14
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.49
Mansfield-1.67
10 Day High81.7
10 Day Low75.71
20 Day High84.24
20 Day Low75.68
52 Week High105.47
52 Week Low66.66
CS1 End78.74
CR1 Start78.98
Volume & EV
DER(3)0.93%
DER(5)-2.34%
Volume8.41M
Volume Incr-19.15%
Vol(5)10.12M
Vol(50)12.66M