Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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% |
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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: 0 bullish, 4 bearish and 1 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 | 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 |
