We assign a technical rating of 9 out of 10 to XBI. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that XBI is one of the better performing stocks in the market, outperforming 84% of all stocks.
- XBI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- XBI has an average volume of 9434970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month XBI has a been trading in the 121.27 - 132.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
XBI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 121.52, a Stop Loss order could be placed below this zone.
More info and screens
117.28
We found 1 important support area.
- A support zone ranging from 118.46 to 121.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 125.75 to 128.04. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for XBI is neutral. |
| ChartMill Relative Strength | 84.91 | POSITIVE | XBI has a high relative strength, it outperformed 84.91% 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) | UP | POSITIVE | The current price of XBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.97 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests XBI has a negative trend. |
| Stochastics (14,3) | 50.77 | NEUTRAL | The Stochastics value for XBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.73 | NEGATIVE | The low ADX value for XBI suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 128.05 | 123.40 | 4.65 (3.63%) | 25.00% |
| An entry @128.05. This is a Buy Stop order right above the resistance zone. | An exit @123.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.65 points, which is 3.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- 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.
125.29
-2.36 (-1.85%)
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 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.
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 49.9737. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SS SPDR S&P BIOTECH ETF?
SS SPDR S&P BIOTECH ETF (XBI) has a support level at 121.52 and a resistance level at 125.75. Check the full technical report for our detailed analysis of XBI support and resistance levels.