Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 110.61 | 1.49% | 1.62 |
LABU closed up 1.49 percent on Monday, May 6, 2024, on 66 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. 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 | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Multiple of Ten Bullish | Other | 0.00% | |
| Weak + Overbought | Other | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 1.49% |
| Alert | Time |
|---|---|
| Possible NR7 | about 6 hours ago |
| 60 Minute Opening Range Breakdown | about 9 hours ago |
| 2x Volume Pace | about 10 hours ago |
| 1.5x Volume Pace | about 10 hours ago |
| Fell Below Previous Day's Low | about 10 hours ago |
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Basic chart:
The investment seeks daily investment results, of 300% of the performance of the S&P Biotechnology Select Industry Index ("index").
The index is provided by S&P and includes domestic companies from the biotechnology industry. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: swap agreements; options on securities and indices; forward contracts; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Repurchase Agreement Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Repurchase Agreement Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 176.7633 |
| 52 Week Low | 48.237 |
| Average Volume | 2,672,599 |
| 200-Day Moving Average | 101.42 |
| 50-Day Moving Average | 121.93 |
| 20-Day Moving Average | 97.92 |
| 10-Day Moving Average | 96.00 |
| Average True Range | 8.71 |
| RSI (14) | 54.95 |
| ADX | 22.59 |
| +DI | 30.30 |
| -DI | 23.30 |
| Chandelier Exit (Long, 3 ATRs) | 92.40 |
| Chandelier Exit (Short, 3 ATRs) | 106.54 |
| Upper Bollinger Bands | 118.54 |
| Lower Bollinger Band | 77.29 |
| Percent B (%b) | 0.81 |
| BandWidth | 42.12 |
| MACD Line | -4.29 |
| MACD Signal Line | -7.81 |
| MACD Histogram | 3.5165 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 118.03 | ||||
| Resistance 3 (R3) | 117.77 | 115.04 | 116.80 | ||
| Resistance 2 (R2) | 115.04 | 113.15 | 115.17 | 116.38 | |
| Resistance 1 (R1) | 112.82 | 111.98 | 113.93 | 113.08 | 115.97 |
| Pivot Point | 110.09 | 110.09 | 110.64 | 110.22 | 110.09 |
| Support 1 (S1) | 107.87 | 108.20 | 108.98 | 108.14 | 105.25 |
| Support 2 (S2) | 105.14 | 107.03 | 105.27 | 104.84 | |
| Support 3 (S3) | 102.92 | 105.14 | 104.42 | ||
| Support 4 (S4) | 103.19 |
