Technical Analysis for IBBQ - Invesco Nasdaq Biotechnology ETF

Grade Last Price % Change Price Change
D 22.14 0.73% 0.16
IBBQ closed up 0.73 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Bullish Engulfing Bullish 0.73%
NR7 Range Contraction 0.73%
Lower Bollinger Band Walk Weakness 0.73%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
60 Minute Opening Range Breakout about 20 hours ago
2x Volume Pace about 22 hours ago
1.5x Volume Pace about 22 hours ago
3x Volume Pace about 22 hours ago

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Profile

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.
Classification

Keywords: Index Fund Investment Management Stock Market Index Biotechnology Pharmaceutical Nasdaq Biotechnology Index

Top 10 Components

Symbol Grade Price % Change Allocation
GILD B 1.00 9.95
VRTX D 0.72 8.34
AMGN D 2.83 7.56
REGN F -0.17 5.67
AZN F -0.94 3.97
ALNY D 6.20 3.26
BIIB F 0.37 2.52
ILMN C -2.46 2.32
ARGX A 3.01 1.96
UTHR C 1.00 1.75

Is IBBQ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 24.835
52 Week Low 18.7654
Average Volume 17,980
200-Day Moving Average 22.83
50-Day Moving Average 23.68
20-Day Moving Average 23.38
10-Day Moving Average 23.15
Average True Range 0.35
RSI (14) 31.51
ADX 23.99
+DI 20.27
-DI 49.18
Chandelier Exit (Long, 3 ATRs) 23.62
Chandelier Exit (Short, 3 ATRs) 22.82
Upper Bollinger Bands 24.91
Lower Bollinger Band 21.84
Percent B (%b) 0.1
BandWidth 13.14
MACD Line -0.40
MACD Signal Line -0.18
MACD Histogram -0.2162
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.40
Resistance 3 (R3) 22.37 22.26 22.36
Resistance 2 (R2) 22.26 22.19 22.27 22.34
Resistance 1 (R1) 22.20 22.15 22.23 22.23 22.33
Pivot Point 22.08 22.08 22.10 22.10 22.08
Support 1 (S1) 22.02 22.01 22.05 22.05 21.95
Support 2 (S2) 21.91 21.97 21.92 21.94
Support 3 (S3) 21.85 21.91 21.92
Support 4 (S4) 21.88