SPDR S&P BIOTECH ETF (XBI) Stock Technical Analysis
USA - NYSEARCA:XBI - US78464A8707 - ETF
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.
Besides having an excellent technical rating, XBI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3 important support areas can be observed.
- A support zone ranging from 110.22 to 110.92. 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 106.21 to 108.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @85.60 from a horizontal line in the daily 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 | 81.33 | POSITIVE | XBI has a high relative strength, it outperformed 81.33% 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) | 72.49 | OVERBOUGHT | The high RSI value suggests XBI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests XBI has a positive trend. |
| Stochastics (14,3) | 87.89 | OVERBOUGHT | The high Stochastics value suggests XBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for XBI suggests some volalility. |
| Average Directional Index/ADX (14) | 45.21 | POSITIVE | The high ADX value value for XBI suggests a strong 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 |
|---|---|---|---|
| 113.22 | 110.21 | 3.01 (2.66%) | 25.00% |
| An entry @113.22. This is a Buy Stop order right above the 10 day high. | An exit @110.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.01 points, which is 2.66%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
112.71
+0.8 (+0.71%)
SPDR S&P BIOTECH ETF / XBI FAQ
What is the ChartMill technical rating of 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 SPDR S&P BIOTECH ETF (XBI) is Bullish.
Can you provide the RSI signal for SPDR S&P BIOTECH ETF?
SPDR S&P BIOTECH ETF (XBI) has an RSI value of 72.4923. This indicates that the stock is currently overbought.
What is the short term momentum for XBI stock?
The short term momentum for SPDR S&P BIOTECH ETF (XBI) is positive.
What are the support and resistance levels for SPDR S&P BIOTECH ETF (XBI) stock?
SPDR S&P BIOTECH ETF (XBI) has a support level at 110.92. Check the full technical report for our detailed analysis of XBI support and resistance levels.