Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 8.14 | -1.69% | -0.14 |
LABD closed down 1.69 percent on Monday, May 6, 2024, on 55 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Support | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| 50 DMA Support | Bullish | -1.69% | |
| NR7 | Range Contraction | -1.69% |
| Alert | Time |
|---|---|
| Fell Below 50 DMA | about 9 hours ago |
| Possible NR7 | about 9 hours ago |
| 60 Minute Opening Range Breakout | about 12 hours ago |
| Rose Above Previous Day's High | about 12 hours ago |
| Up 1% | about 12 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index.
The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Repurchase Agreement Financial Regulation Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Repurchase Agreement Financial Regulation Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 29.4219 |
| 52 Week Low | 5.6716 |
| Average Volume | 16,043,868 |
| 200-Day Moving Average | 13.88 |
| 50-Day Moving Average | 8.14 |
| 20-Day Moving Average | 9.53 |
| 10-Day Moving Average | 9.60 |
| Average True Range | 0.78 |
| RSI (14) | 41.18 |
| ADX | 24.25 |
| +DI | 22.36 |
| -DI | 32.85 |
| Chandelier Exit (Long, 3 ATRs) | 9.06 |
| Chandelier Exit (Short, 3 ATRs) | 10.17 |
| Upper Bollinger Bands | 11.44 |
| Lower Bollinger Band | 7.63 |
| Percent B (%b) | 0.13 |
| BandWidth | 39.94 |
| MACD Line | 0.13 |
| MACD Signal Line | 0.44 |
| MACD Histogram | -0.3055 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.71 | ||||
| Resistance 3 (R3) | 8.73 | 8.57 | 8.62 | ||
| Resistance 2 (R2) | 8.57 | 8.42 | 8.56 | 8.58 | |
| Resistance 1 (R1) | 8.35 | 8.33 | 8.27 | 8.33 | 8.55 |
| Pivot Point | 8.19 | 8.19 | 8.15 | 8.18 | 8.19 |
| Support 1 (S1) | 7.97 | 8.04 | 7.89 | 7.95 | 7.73 |
| Support 2 (S2) | 7.81 | 7.95 | 7.80 | 7.70 | |
| Support 3 (S3) | 7.59 | 7.81 | 7.67 | ||
| Support 4 (S4) | 7.57 |
