Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares

Grade Last Price % Change Price Change
grade F 20.08 -4.29% -0.90
LABU closed down 4.29 percent on Friday, April 3, 2020, on 63 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.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical LABU trend table...

Date Alert Name Type % Chg
Spinning Top Other 0.00%
NR7 Range Contraction 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Multiple of Ten Bullish Other -4.29%
Wide Bands Range Expansion -4.29%
Multiple of Ten Bearish Other 5.68%
Wide Bands Range Expansion 5.68%
Wide Bands Range Expansion -10.91%
NR7 Range Contraction -13.04%

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Profile

The investment seeks daily investment results, of 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the biotechnology industry. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: swap agreements; options on securities and indices; forward contracts; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.
Exchange Traded Fund ETF Exchange Traded Funds Index Fund Index Biotechnology Leveraged ETF Ultra ETF S&P 500 Index Cboe Repurchase Agreement Biotechnology Industry

Is LABU 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 64.76
52 Week Low 12.64
Average Volume 2,903,293
200-Day Moving Average 43.69
50-Day Moving Average 40.61
20-Day Moving Average 21.79
10-Day Moving Average 20.77
Average True Range 4.25
ADX 39.16
+DI 15.05
-DI 30.07
Chandelier Exit (Long, 3 ATRs ) 40.75
Chandelier Exit (Short, 3 ATRs ) 25.38
Upper Bollinger Band 33.68
Lower Bollinger Band 9.91
Percent B (%b) 0.43
BandWidth 109.06
MACD Line -6.00
MACD Signal Line -7.18
MACD Histogram 1.1863
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.30
Resistance 3 (R3) 23.42 22.46 22.77
Resistance 2 (R2) 22.46 21.64 22.40 22.59
Resistance 1 (R1) 21.27 21.13 20.79 21.15 22.41
Pivot Point 20.31 20.31 20.07 20.25 20.31
Support 1 (S1) 19.12 19.49 18.64 19.01 17.75
Support 2 (S2) 18.16 18.98 18.10 17.57
Support 3 (S3) 16.97 18.16 17.39
Support 4 (S4) 16.86