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

Grade Last Price % Change Price Change
grade F 18.35 0.49% 0.09
LABD closed down 0.76 percent on Monday, March 18, 2019, on 1.26 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical LABD trend table...

Date Alert Name Type % Chg
Mar 18 Doji - Bullish? Reversal 0.49%
Mar 18 New 52 Week Low Weakness 0.49%
Mar 18 Outside Day Range Expansion 0.49%
Mar 18 Wide Bands Range Expansion 0.49%
Mar 18 Oversold Stochastic Weakness 0.49%
Mar 15 Narrow Range Bar Range Contraction -0.27%
Mar 15 NR7 Range Contraction -0.27%
Mar 15 NR7-2 Range Contraction -0.27%
Mar 15 Inside Day Range Contraction -0.27%
Mar 15 Wide Bands Range Expansion -0.27%

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.
Exchange Traded Funds Biotechnology S&P 500 Index Cboe Short Financial Regulation Biotechnology Industry
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 62.25
52 Week Low 17.44
Average Volume 3,970,179
200-Day Moving Average 28.4271
50-Day Moving Average 24.3906
20-Day Moving Average 20.4935
10-Day Moving Average 19.773
Average True Range 1.6273
ADX 29.08
+DI 15.5755
-DI 34.8837
Chandelier Exit (Long, 3 ATRs ) 20.0981
Chandelier Exit (Short, 3 ATRs ) 22.3219
Upper Bollinger Band 24.3295
Lower Bollinger Band 16.6575
Percent B (%b) 0.21
BandWidth 37.43626
MACD Line -1.9009
MACD Signal Line -2.0018
MACD Histogram 0.1009
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.18
Resistance 3 (R3) 20.12 19.42 19.86
Resistance 2 (R2) 19.42 18.93 19.45 19.75
Resistance 1 (R1) 18.84 18.63 18.49 18.90 19.65
Pivot Point 18.14 18.14 17.97 18.17 18.14
Support 1 (S1) 17.56 17.65 17.21 17.62 16.87
Support 2 (S2) 16.86 17.35 16.89 16.77
Support 3 (S3) 16.28 16.86 16.66
Support 4 (S4) 16.34