SBIO in -2.04% downward trend, falling for three consecutive days on December 31, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SBIO declined for three days, in of 278 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SBIO as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Aroon Indicator for SBIO entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SBIO's RSI Oscillator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for SBIO just turned positive on January 06, 2025. Looking at past instances where SBIO's MACD turned positive, the stock continued to rise in of 56 cases over the following month. 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 SBIO advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
SBIO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Health
SBIO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SBIO has been closely correlated with XBI. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if SBIO jumps, then XBI could also see price increases.
| Ticker / NAME | Correlation To SBIO | 1D Price Change % | ||
|---|---|---|---|---|
| SBIO | 100% | -2.25% | ||
| XBI - SBIO | 89% Closely correlated | -2.77% | ||
| IBB - SBIO | 78% Closely correlated | -1.83% | ||
| VHT - SBIO | 58% Loosely correlated | -1.07% | ||
| XLV - SBIO | 47% Loosely correlated | -1.03% | ||
| IHI - SBIO | 44% Loosely correlated | +0.07% |