IBB iShares Biotechnology ETF Forecast, Technical & Fundamental Analysis
IBB's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for IBB turned positive on May 17, 2022. Looking at past instances where IBB's MACD turned positive, the stock continued to rise in 49 of 54 cases over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where IBB's RSI Indicator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 20, 2022. You may want to consider a long position or call options on IBB as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IBB advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
IBB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
IBB moved below its 50-day moving average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for IBB crossed bearishly below the 50-day moving average on April 26, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for IBB entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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General Information
Category Health
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IBB and
Correlation & Price change
A.I.dvisor indicates that over the last year, IBB has been closely correlated with BBH. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBB jumps, then BBH could also see price increases.
| Ticker / NAME | Correlation To IBB | 1D Price Change % |
|---|---|---|
| IBB | 100% | +0.90% |
| BBH - IBB | 97% Closely correlated | +0.97% |
| FBT - IBB | 94% Closely correlated | +1.13% |
| IDNA - IBB | 93% Closely correlated | +1.12% |
| BTEC - IBB | 89% Closely correlated | +1.60% |
| GNOM - IBB | 88% Closely correlated | +1.73% |
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