Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
27.13 | -7.18% | -2.10 |
LABD closed down 7.18 percent on Tuesday, January 15, 2019, on 1.49 times normal volume. 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 |
| See historical LABD trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Jan 15 | 180 Bearish Setup | Bearish Swing Setup | 0.00% |
| Jan 15 | Narrow Range Bar | Range Contraction | 0.00% |
| Jan 15 | Wide Bands | Range Expansion | 0.00% |
| Jan 15 | Oversold Stochastic | Weakness | 0.00% |
| Jan 14 | Slingshot Bearish | Bearish Swing Setup | -7.18% |
| Jan 14 | Stochastic Buy Signal | Bullish | -7.18% |
| Jan 14 | Narrow Range Bar | Range Contraction | -7.18% |
| Jan 14 | Wide Bands | Range Expansion | -7.18% |
| Jan 14 | Oversold Stochastic | Weakness | -7.18% |
| Jan 11 | Narrow Range Bar | Range Contraction | -1.09% |
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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.
| 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. | ||
See more LABD news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 62.25 |
| 52 Week Low | 21.35 |
| Average Volume | 2,370,581 |
| 200-Day Moving Average | 30.4636 |
| 50-Day Moving Average | 37.404 |
| 20-Day Moving Average | 40.1905 |
| 10-Day Moving Average | 32.05 |
| Average True Range | 4.3235 |
| ADX | 22.43 |
| +DI | 20.901 |
| -DI | 28.6197 |
| Chandelier Exit (Long, 3 ATRs ) | 49.2795 |
| Chandelier Exit (Short, 3 ATRs ) | 40.0105 |
| Upper Bollinger Band | 60.4296 |
| Lower Bollinger Band | 19.9514 |
| Percent B (%b) | 0.18 |
| BandWidth | 100.715841 |
| MACD Line | -3.2525 |
| MACD Signal Line | -1.2158 |
| MACD Histogram | -2.0367 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 30.36 | ||||
| Resistance 3 (R3) | 30.69 | 29.94 | 29.82 | ||
| Resistance 2 (R2) | 29.94 | 29.12 | 29.78 | 29.64 | |
| Resistance 1 (R1) | 28.54 | 28.61 | 28.17 | 28.21 | 29.46 |
| Pivot Point | 27.79 | 27.79 | 27.61 | 27.63 | 27.79 |
| Support 1 (S1) | 26.39 | 26.97 | 26.02 | 26.06 | 24.80 |
| Support 2 (S2) | 25.64 | 26.46 | 25.48 | 24.62 | |
| Support 3 (S3) | 24.24 | 25.64 | 24.44 | ||
| Support 4 (S4) | 23.91 |
