Why VanEck Vectors Biotech ETF ($BBH) Is Doing What It’s Doing (2019-09-10)

REPORTING FOR 2019-09-10 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how BBH has been trading over the last 2 weeks and the past day especially. On its latest session, VanEck Vectors Biotech ETF ($BBH) opened at 121.57, reaching a high of 121.57 and a low of 120.28 before closing at a price of 120.89. There was a total volume of 32802.

VOLUME INDICATORS FOR VANECK VECTORS BIOTECH ETF ($BBH): We saw an accumulation-distribution index of 415.3897, an on-balance volume of 122.0, chaikin money flow of 1.1015 and a force index of 2.5688. There was an ease of movement rating of -0.00325, a volume-price trend of -2.35196 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR VANECK VECTORS BIOTECH ETF ($BBH): We noted an average true range of 1.15236, bolinger bands of 122.88333, an upper bollinger band of 119.03667, lower bollinger band of 120.28, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 121.14, high band keltner channel of 121.14, low band keltner channel of 121.14, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 120.28, a donchian channel low band of 120.28, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR VANECK VECTORS BIOTECH ETF ($BBH): We calculated a Moving Average Convergence Divergence (MACD) of 0.03051, a MACD signal of 0.01695, a MACD difference of 0.01356, a fast Exponential Moving Average (EMA) indicator of 120.28, a slow Exponential Moving Average (EMA) indicator of 120.28, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.29072, a trix of -2.12474, a Mass Index (MI) of 1.8, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 2.37329, a KST Oscillator (KST) of -19.34957 and a KST Oscillator (KST Signal) of -19.34957 (leaving a KST difference of 2.77204). We also found an Ichimoku rating of 121.57, an Ichimoku B rating of 121.57, a Ichimoku visual trend A of 124.02909, an Ichimoku visual trend B of 124.51455, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR VANECK VECTORS BIOTECH ETF ($BBH): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 50.41695, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -119.0818, a stochastic oscillator of 50.0, a stochastic oscillator signal of 50.0, a Williams %R rating of -50.0 and an awesome oscillator of 0.18417.

RETURNS FOR VANECK VECTORS BIOTECH ETF ($BBH): There was a daily return of -1.93496, a daily log return of 1.12435 and a cumulative return of 1.1307.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-09-10 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for VanEck Vectors Biotech ETF ($BBH)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling VanEck Vectors Biotech ETF ($BBH) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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