Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares

Grade Last Price % Change Price Change
grade F 6.21 -4.17% -0.27
LABD closed down 4.17 percent on Friday, June 23, 2017, on 3.31 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical LABD trend table...

Date Alert Name Type % Chg
Jun 23 New 52 Week Low Bearish 0.00%
Jun 23 Volume Surge Other 0.00%
Jun 23 New Downtrend Bearish 0.00%
Jun 23 Lower Bollinger Band Walk Other 0.00%
Jun 22 New 52 Week Low Bearish -4.17%

Older signals for LABD ...

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Basic chart:

Profile
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.
Is LABD a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 45.75
52 Week Low 6.18
Average Volume 4,578,898
200-Day Moving Average 14.2881
50-Day Moving Average 9.6272
20-Day Moving Average 8.8785
10-Day Moving Average 7.995
Average True Range 0.6301
ADX 26.7
+DI 11.79
-DI: 42.52
Chandelier Exit (Long, 3 ATRs) 9.4297
Chandelier Exit (Short, 3 ATRs) 8.0703
Upper Bollinger Band 11.4095
Lower Bollinger Band 6.3475
Percent B (%b) -0.03
Bandwidth 0.570141
MACD Line -0.8413
MACD Signal Line -0.538
MACD Histogram -0.3033