XBI saw its Stochastic Oscillator leaves the overbought zone
The Stochastic Oscillator for XBI moved out of overbought territory on January 08, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 67 similar instances where the indicator exited the overbought zone. In of the 67 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XBI 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 XBI entered a downward trend on December 31, 2024. 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 XBI's RSI Oscillator exited the oversold zone, of 29 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 January 03, 2025. You may want to consider a long position or call options on XBI as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XBI just turned positive on January 03, 2025. Looking at past instances where XBI's MACD turned positive, the stock continued to rise in of 52 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 XBI advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Health
XBI and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, XBI has been closely correlated with SBIO. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if XBI jumps, then SBIO could also see price increases.
| Ticker / NAME | Correlation To XBI | 1D Price Change % | ||
|---|---|---|---|---|
| XBI | 100% | +0.09% | ||
| SBIO - XBI | 92% Closely correlated | +0.50% | ||
| IBBQ - XBI | 92% Closely correlated | +0.14% | ||
| BBC - XBI | 92% Closely correlated | +0.04% | ||
| IDNA - XBI | 90% Closely correlated | +0.05% | ||
| IBB - XBI | 90% Closely correlated | -0.23% | ||
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