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Stock Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
iShares Biotechnology ETF (NASDAQ:IBB)
Long-Term Downtrend (-90) - IBB is in a strong downtrend that is likely to continue. While IBB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid IBB?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for IBB
The long-term trend has been DOWN since Mar 8th, 2023 at 126.19
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 126.37
The short-term trend has been DOWN since Oct 2nd, 2023 at 121.88
Smart Scan Analysis for IBB
Based on our trend formula, IBB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 120.64 | 120.64 | 118.73 | 119.31 | -1.33 |
| Prev. Close | Volume | Bid | Ask | Time |
| 120.64 | 0 | 2023-10-03 16:19:02 |
| Year High | 122.97 | Year High Date | 2018-10-01 |
| Year Low | 100.221 | Year Low Date | 2018-04-06 |
| 52wk High | 138.74 | 52wk High Date | 2022-12-02 |
| 52wk Low | 116.05 | 52wk Low Date | 2022-10-13 |
| Year End Close | 137.22 | Average Volume | 1,540,888 |
| Shares Outstanding | 65,050 | % Institutional | 71.8 |
| Market Cap | 6,898M | Assets | 22,642M |
| Liabilities | 4,278M | Beta | 0.78 |
| Volatility | 30.16 |