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

Grade Last Price % Change Price Change
grade C 41.4 3.99% 1.59
LABU closed up 3.99 percent on Friday, November 15, 2019, on 57 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Overbought Stochastic Strength 0.00%
Multiple of Ten Bearish Other 3.99%
Inside Day Range Contraction 3.99%
Overbought Stochastic Strength 3.99%
Multiple of Ten Bullish Other 1.69%
Outside Day Range Expansion 1.69%
Overbought Stochastic Strength 1.69%
Doji - Bearish? Reversal 2.96%

Older signals for LABU ...

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Basic chart:
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 Funds Index Fund Index Biotechnology 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
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 66.67
52 Week Low 24.0
Average Volume 2,324,767
200-Day Moving Average 45.5021
50-Day Moving Average 36.0822
20-Day Moving Average 38.341
10-Day Moving Average 39.617
Average True Range 2.0691
ADX 19.6
+DI 26.4292
-DI 13.7426
Chandelier Exit (Long, 3 ATRs ) 35.4181
Chandelier Exit (Short, 3 ATRs ) 38.5273
Upper Bollinger Band 41.9798
Lower Bollinger Band 34.7022
Percent B (%b) 0.92
BandWidth 18.981247
MACD Line 1.5052
MACD Signal Line 1.2656
MACD Histogram 0.2396
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.62
Resistance 3 (R3) 43.38 42.39 43.25
Resistance 2 (R2) 42.39 41.83 42.52 43.13
Resistance 1 (R1) 41.90 41.48 42.15 42.14 43.00
Pivot Point 40.91 40.91 41.04 41.04 40.91
Support 1 (S1) 40.42 40.35 40.67 40.66 39.80
Support 2 (S2) 39.43 40.00 39.56 39.67
Support 3 (S3) 38.94 39.43 39.55
Support 4 (S4) 39.18