Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
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% |
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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. | ||
Recent News
See more LABD news...
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 |
