SS SPDR S&P BIOTECH ETF (XBI) Stock Technical Analysis
USA - NYSEARCA:XBI - US78464A8707 - ETF
Overall XBI gets a technical rating of 9 out of 10. 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.
XBI has an excellent technical rating, but the quality of the setup is only medium 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
84.74
We found 4 important support areas.
- A support zone ranging from 110.82 to 111.47. 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 107.32 to 108.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @97.63 from a trend line in the daily time frame.
- Support @85.60 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 114.84 to 114.84. 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 | 87.83 | POSITIVE | XBI has a high relative strength, it outperformed 87.83% 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) | 66.03 | NEUTRAL | The RSI value for XBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests XBI has a positive trend. |
| Stochastics (14,3) | 78.74 | NEUTRAL | The Stochastics value for XBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.41 | POSITIVE | The high ADX value value for XBI suggests a strong trend. |
114.83
+0.82 (+0.72%)
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 66.0329. 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 111.47 and a resistance level at 114.84. Check the full technical report for our detailed analysis of XBI support and resistance levels.