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

Grade Last Price % Change Price Change
grade F 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.

Trend Table & Recent Signals

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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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 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

Symbol Grade Percentage
NVTA 1.95
EXEL 1.91
BMRN 1.89
GBT 1.87
BLUE 1.87
VRTX 1.84
SAGE 1.80
UTHR 1.78
REGN 1.77
ALXN 1.76
View All LABD Holdings

Is LABD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

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