Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares
Grade | Last Price | % Change | Price Change |
---|---|---|---|
D | 125.46 | -5.64% | -7.50 |
LABU closed down 5.64 percent on Monday, March 18, 2024, on 60 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Down | Down |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Fell Below 50 DMA | Bearish | 0.00% | |
Multiple of Ten Bearish | Other | 0.00% | |
Wide Bands | Range Expansion | 0.00% | |
Oversold Stochastic | Weakness | 0.00% | |
50 DMA Support | Bullish | -5.64% | |
Stochastic Reached Oversold | Weakness | -5.64% | |
Multiple of Ten Bullish | Other | -5.64% | |
Inside Day | Range Contraction | -5.64% | |
Wide Bands | Range Expansion | -5.64% | |
Oversold Stochastic | Weakness | -5.64% |
Alert | Time |
---|---|
2x Volume Pace | about 18 hours ago |
1.5x Volume Pace | about 18 hours ago |
Down 5% | about 18 hours ago |
Down 3% | about 18 hours ago |
Fell Below 50 DMA | about 18 hours ago |
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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.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Repurchase Agreement Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Repurchase Agreement Forward Contract
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 176.9899 |
52 Week Low | 48.2988 |
Average Volume | 3,175,021 |
200-Day Moving Average | 104.99 |
50-Day Moving Average | 131.15 |
20-Day Moving Average | 146.71 |
10-Day Moving Average | 143.77 |
Average True Range | 11.91 |
RSI (14) | 41.86 |
ADX | 22.95 |
+DI | 18.12 |
-DI | 23.89 |
Chandelier Exit (Long, 3 ATRs) | 141.27 |
Chandelier Exit (Short, 3 ATRs) | 158.93 |
Upper Bollinger Bands | 174.83 |
Lower Bollinger Band | 118.59 |
Percent B (%b) | 0.12 |
BandWidth | 38.34 |
MACD Line | 1.40 |
MACD Signal Line | 5.75 |
MACD Histogram | -4.3447 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 140.73 | ||||
Resistance 3 (R3) | 142.34 | 138.86 | 138.18 | ||
Resistance 2 (R2) | 138.86 | 134.97 | 138.05 | 137.34 | |
Resistance 1 (R1) | 132.16 | 132.57 | 130.42 | 130.55 | 136.49 |
Pivot Point | 128.68 | 128.68 | 127.81 | 127.87 | 128.68 |
Support 1 (S1) | 121.98 | 124.79 | 120.24 | 120.37 | 114.43 |
Support 2 (S2) | 118.50 | 122.39 | 117.70 | 113.58 | |
Support 3 (S3) | 111.80 | 118.50 | 112.74 | ||
Support 4 (S4) | 110.19 |