Taking everything into account, XBI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, XBI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although XBI has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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84.74
We found 4 important support areas.
- A support zone ranging from 120.11 to 121.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 116.43 to 117.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 108.04 to 110.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.60 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 123.42 to 123.42. 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 | 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 | 88.12 | POSITIVE | XBI has a high relative strength, it outperformed 88.12% 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) | 68.76 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests XBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.31 | OVERBOUGHT | The high Stochastics value suggests XBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 33.48 | POSITIVE | The high ADX value value for XBI suggests a strong trend. |
123.41
+0.16 (+0.13%)
SS SPDR S&P BIOTECH ETF / XBI FAQ
What is the ChartMill technical rating of SS SPDR S&P BIOTECH ETF (XBI) stock?
ChartMill assigns a technical rating of 9 / 10 to XBI.
What is the trend direction for XBI stock?
The current trend direction for SS SPDR S&P BIOTECH ETF (XBI) is Bullish.
Can you provide the RSI signal for SS SPDR S&P BIOTECH ETF?
SS SPDR S&P BIOTECH ETF (XBI) has an RSI value of 68.7645. 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 are the support and resistance levels for SS SPDR S&P BIOTECH ETF (XBI) stock?
SS SPDR S&P BIOTECH ETF (XBI) has a support level at 121.04 and a resistance level at 123.42. Check the full technical report for our detailed analysis of XBI support and resistance levels.