SPDR S&P BIOTECH ETF (XBI) Stock Technical Analysis
USA - NYSEARCA:XBI - US78464A8707 - ETF
97.3 USD
+1.7 (+1.78%)
97.26 USD
-0.04 (-0.04%)
We assign a technical rating of 8 out of 10 to XBI. Although XBI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
XBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so XBI is lagging the market slightly.
In the last month XBI has a been trading in the 88.60 - 97.65 range, which is quite wide. It is currently trading near the high of this range.
XBI has an average volume of 9470130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, XBI outperforms 60% of them, which is more or less in line with the market.
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.
More info and screens
76.07
102.55
We found 5 important support areas.
- A support zone ranging from 94.92 to 95.69. 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 92.65 to 93.41. 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 89.84 to 90.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.16 to 85.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.84 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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 | 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 | 60.58 | NEUTRAL | XBI is not amongst the best or worst performers 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 | MIXED | The current price of XBI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.82 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests XBI has a positive trend. |
| Stochastics (14,3) | 89.46 | OVERBOUGHT | The high Stochastics value suggests XBI may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for XBI suggests low volalility. |
| Average Directional Index/ADX (14) | 36.15 | POSITIVE | The high ADX value value for XBI suggests a strong 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)
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 |
|---|---|---|---|
| 97.66 | 94.91 | 2.75 (2.82%) | 25.00% |
| An entry @97.66. This is a Buy Stop order right above the 10 day high. | An exit @94.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.75 points, which is 2.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- 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.
97.3
+1.7 (+1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.78%
1 Week4.14%
2 Weeks3.14%
1 Month7.02%
3 Month17.21%
6 Month15.28%
12 Month-1.15%
2 Year33.25%
3 Year22.67%
5 Year-12.68%
10 Year56.31%
15 Year391.66%
Volatility
ATR(14)1.87
ATR(20)%1.9%
ATR Inc2.68%
Range Today2.31
ADR(20)1.7
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.58
Mansfield-0.22
10 Day High97.65
10 Day Low92.64
20 Day High97.65
20 Day Low88.6
52 Week High105.47
52 Week Low66.66
CS1 End95.69
CR1 Start101.53
Volume & EV
DER(3)0.35%
DER(5)0.61%
Volume11.37M
Volume Incr19.69%
Vol(5)9.87M
Vol(50)9.47M