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

Grade Last Price % Change Price Change
grade D 31.41 0.77% 0.24
LABD closed up 0.77 percent on Wednesday, April 18, 2018, on 79 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.

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

Date Alert Name Type % Chg
Apr 18 Narrow Range Bar Range Contraction 0.00%
Apr 18 NR7 Range Contraction 0.00%
Apr 18 Wide Bands Range Expansion 0.00%
Apr 18 Oversold Stochastic Weakness 0.00%
Apr 17 MACD Bearish Centerline Cross Bearish 0.77%
Apr 17 180 Bearish Setup Bearish Swing Setup 0.77%
Apr 17 Wide Bands Range Expansion 0.77%
Apr 17 Oversold Stochastic Weakness 0.77%
Apr 16 Wide Bands Range Expansion -6.57%
Apr 16 Oversold Stochastic Weakness -6.57%

Older signals for LABD ...

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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, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 113.2
52 Week Low 27.1
Average Volume 1,043,023
200-Day Moving Average 47.6094
50-Day Moving Average 33.9128
20-Day Moving Average 35.5795
10-Day Moving Average 34.814
Average True Range 3.145
ADX 20.32
+DI 16.72
-DI 27.77
Chandelier Exit (Long, 3 ATRs ) 33.515
Chandelier Exit (Short, 3 ATRs ) 39.745
Upper Bollinger Band 42.2968
Lower Bollinger Band 28.8622
Percent B (%b) 0.19
BandWidth 37.759384
MACD Line -0.3969
MACD Signal Line 0.3825
MACD Histogram -0.7795
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.50
Resistance 3 (R3) 33.36 32.53 33.15
Resistance 2 (R2) 32.53 32.00 32.60 33.03
Resistance 1 (R1) 31.97 31.67 32.25 32.11 32.92
Pivot Point 31.14 31.14 31.28 31.21 31.14
Support 1 (S1) 30.58 30.61 30.86 30.72 29.90
Support 2 (S2) 29.75 30.28 29.82 29.79
Support 3 (S3) 29.19 29.75 29.67
Support 4 (S4) 29.33