Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
3.315 | -3.35% | -0.12 |
LABD closed down 1.15 percent on Wednesday, July 1, 2020, on 69 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 | Down | Down | Down |
| Historical LABD trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Narrow Range Bar | Range Contraction | -3.35% | |
| NR7 | Range Contraction | -3.35% | |
| Wide Bands | Range Expansion | -3.35% | |
| Down 3 Days in a Row | Weakness | -3.35% | |
| Oversold Stochastic | Weakness | -3.35% | |
| Wide Bands | Range Expansion | -4.47% | |
| Oversold Stochastic | Weakness | -4.47% | |
| MACD Bullish Signal Line Cross | Bullish | -8.43% | |
| Doji - Bearish? | Reversal | -8.43% | |
| Wide Bands | Range Expansion | -8.43% |
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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 Fund ETF Exchange Traded Funds Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Bear Market ETF Inverse ETF Short Financial Regulation Biotechnology Industry
Exchange Traded Fund ETF Exchange Traded Funds Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Bear Market ETF Inverse ETF Short Financial Regulation Biotechnology Industry
Top 10 Components
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 28.82 |
| 52 Week Low | 3.18 |
| Average Volume | 7,599,797 |
| 200-Day Moving Average | 13.20 |
| 50-Day Moving Average | 4.93 |
| 20-Day Moving Average | 4.14 |
| 10-Day Moving Average | 3.61 |
| Average True Range | 0.45 |
| ADX | 18.17 |
| +DI | 19.11 |
| -DI | 27.22 |
| Chandelier Exit (Long, 3 ATRs ) | 4.17 |
| Chandelier Exit (Short, 3 ATRs ) | 4.53 |
| Upper Bollinger Band | 5.34 |
| Lower Bollinger Band | 2.95 |
| Percent B (%b) | 0.2 |
| BandWidth | 57.75 |
| MACD Line | -0.55 |
| MACD Signal Line | -0.58 |
| MACD Histogram | 0.0252 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 3.73 | ||||
| Resistance 3 (R3) | 3.74 | 3.64 | 3.68 | ||
| Resistance 2 (R2) | 3.64 | 3.57 | 3.64 | 3.66 | |
| Resistance 1 (R1) | 3.54 | 3.52 | 3.49 | 3.53 | 3.65 |
| Pivot Point | 3.44 | 3.44 | 3.42 | 3.44 | 3.44 |
| Support 1 (S1) | 3.34 | 3.37 | 3.29 | 3.33 | 3.21 |
| Support 2 (S2) | 3.24 | 3.32 | 3.24 | 3.20 | |
| Support 3 (S3) | 3.14 | 3.24 | 3.18 | ||
| Support 4 (S4) | 3.13 |
