Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
22.84 | 3.63% | 0.80 |
LABD closed up 3.63 percent on Friday, October 18, 2019, on approximately normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. 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 oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Down |
| See historical LABD trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Support | Bullish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Outside Day | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 50 DMA | Bearish | 3.63% | |
| 200 DMA Support | Bullish | 3.63% | |
| Narrow Range Bar | Range Contraction | 3.63% | |
| Wide Bands | Range Expansion | 3.63% |
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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.
Exchange Traded Funds Biotechnology S&P 500 Index Cboe Short Financial Regulation Biotechnology Industry
Exchange Traded Funds Biotechnology S&P 500 Index Cboe Short Financial Regulation Biotechnology Industry
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more LABD news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 62.25 |
| 52 Week Low | 16.42 |
| Average Volume | 2,152,412 |
| 200-Day Moving Average | 21.9176 |
| 50-Day Moving Average | 22.5434 |
| 20-Day Moving Average | 24.3425 |
| 10-Day Moving Average | 24.282 |
| Average True Range | 1.6466 |
| ADX | 22.17 |
| +DI | 24.2331 |
| -DI | 19.6141 |
| Chandelier Exit (Long, 3 ATRs ) | 23.8802 |
| Chandelier Exit (Short, 3 ATRs ) | 24.3298 |
| Upper Bollinger Band | 27.722 |
| Lower Bollinger Band | 20.963 |
| Percent B (%b) | 0.28 |
| BandWidth | 27.766252 |
| MACD Line | 0.2503 |
| MACD Signal Line | 0.6995 |
| MACD Histogram | -0.4492 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.48 | ||||
| Resistance 3 (R3) | 25.43 | 24.49 | 25.04 | ||
| Resistance 2 (R2) | 24.49 | 23.82 | 24.52 | 24.89 | |
| Resistance 1 (R1) | 23.67 | 23.41 | 24.08 | 23.72 | 24.75 |
| Pivot Point | 22.73 | 22.73 | 22.94 | 22.76 | 22.73 |
| Support 1 (S1) | 21.91 | 22.06 | 22.32 | 21.96 | 20.93 |
| Support 2 (S2) | 20.97 | 21.65 | 21.00 | 20.79 | |
| Support 3 (S3) | 20.15 | 20.97 | 20.64 | ||
| Support 4 (S4) | 20.20 |
