Technical Analysis for IBBQ - Invesco Nasdaq Biotechnology ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 21.85 | -0.25% | -0.06 |
IBBQ closed up 1.58 percent on Friday, May 3, 2024, on 2.74 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | -0.25% | |
| Pocket Pivot | Bullish Swing Setup | -0.25% | |
| Doji - Bearish? | Reversal | -0.25% | |
| Above Upper BB | Strength | -0.25% | |
| Gapped Up | Strength | -0.25% | |
| Overbought Stochastic | Strength | -0.25% | |
| Up 3 Days in a Row | Strength | -0.25% | |
| Upper Bollinger Band Touch | Strength | -0.25% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 1.32% | |
| Stochastic Reached Overbought | Strength | 1.32% |
| Alert | Time |
|---|---|
| Possible Inside Day | about 3 hours ago |
| 60 Minute Opening Range Breakdown | about 4 hours ago |
| Fell Below Previous Day's Low | about 4 hours ago |
| Fell Below Upper Bollinger Band | about 4 hours ago |
| Possible Pocket Pivot | 3 days ago |
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Basic chart:
The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.
Keywords: Index Fund Investment Management Stock Market Index Biotechnology Pharmaceutical Nasdaq Biotechnology Index
Classification
Keywords: Index Fund Investment Management Stock Market Index Biotechnology Pharmaceutical Nasdaq Biotechnology Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 23.02 |
| 52 Week Low | 18.1348 |
| Average Volume | 18,251 |
| 200-Day Moving Average | 20.76 |
| 50-Day Moving Average | 21.65 |
| 20-Day Moving Average | 20.97 |
| 10-Day Moving Average | 21.00 |
| Average True Range | 0.33 |
| RSI (14) | 61.54 |
| ADX | 22.28 |
| +DI | 41.80 |
| -DI | 23.37 |
| Chandelier Exit (Long, 3 ATRs) | 21.06 |
| Chandelier Exit (Short, 3 ATRs) | 21.12 |
| Upper Bollinger Bands | 21.88 |
| Lower Bollinger Band | 20.05 |
| Percent B (%b) | 1.01 |
| BandWidth | 8.70 |
| MACD Line | -0.06 |
| MACD Signal Line | -0.23 |
| MACD Histogram | 0.1656 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 22.22 | ||||
| Resistance 3 (R3) | 22.23 | 22.13 | 22.16 | ||
| Resistance 2 (R2) | 22.13 | 22.05 | 22.13 | 22.14 | |
| Resistance 1 (R1) | 22.02 | 22.00 | 22.01 | 22.01 | 22.13 |
| Pivot Point | 21.92 | 21.92 | 21.92 | 21.92 | 21.92 |
| Support 1 (S1) | 21.81 | 21.84 | 21.80 | 21.80 | 21.67 |
| Support 2 (S2) | 21.71 | 21.79 | 21.71 | 21.66 | |
| Support 3 (S3) | 21.60 | 21.71 | 21.64 | ||
| Support 4 (S4) | 21.59 |
