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

Grade Last Price % Change Price Change
grade C 22.84 3.63% 0.80
LABD closed up 3.63 percent on Friday, October 18, 2019, on approximately normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Down
See historical LABD trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 3.63%
200 DMA Support Bullish 3.63%
Narrow Range Bar Range Contraction 3.63%
Wide Bands Range Expansion 3.63%

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: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 62.25
52 Week Low 16.42
Average Volume 2,152,412
200-Day Moving Average 21.9176
50-Day Moving Average 22.5434
20-Day Moving Average 24.3425
10-Day Moving Average 24.282
Average True Range 1.6466
ADX 22.17
+DI 24.2331
-DI 19.6141
Chandelier Exit (Long, 3 ATRs ) 23.8802
Chandelier Exit (Short, 3 ATRs ) 24.3298
Upper Bollinger Band 27.722
Lower Bollinger Band 20.963
Percent B (%b) 0.28
BandWidth 27.766252
MACD Line 0.2503
MACD Signal Line 0.6995
MACD Histogram -0.4492
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.48
Resistance 3 (R3) 25.43 24.49 25.04
Resistance 2 (R2) 24.49 23.82 24.52 24.89
Resistance 1 (R1) 23.67 23.41 24.08 23.72 24.75
Pivot Point 22.73 22.73 22.94 22.76 22.73
Support 1 (S1) 21.91 22.06 22.32 21.96 20.93
Support 2 (S2) 20.97 21.65 21.00 20.79
Support 3 (S3) 20.15 20.97 20.64
Support 4 (S4) 20.20