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

Grade Last Price % Change Price Change
D 111.79 -4.77% -5.60
LABU closed down 4.77 percent on Friday, May 17, 2024, on 54 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 overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Weak + Overbought Other 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Support Bullish -4.77%
Wide Bands Range Expansion -4.77%
Overbought Stochastic Strength -4.77%
Shooting Star Candlestick Bearish -5.19%

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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.
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

Top 10 Components

Symbol Grade Price % Change Allocation
ALPN A 0.02 1.06
CRNX A -0.98 0.77
MRNA B 0.17 0.76
RVMD B 1.08 0.76
BPMC A -1.58 0.75
AMGN B -0.71 0.72
VKTX B -2.98 0.71
TWST B 1.10 0.70
UTHR B 0.75 0.69
NTRA B -1.88 0.69

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 176.7633
52 Week Low 48.237
Average Volume 2,428,088
200-Day Moving Average 101.11
50-Day Moving Average 113.00
20-Day Moving Average 101.82
10-Day Moving Average 109.82
Average True Range 8.32
RSI (14) 54.13
ADX 18.58
+DI 26.53
-DI 19.69
Chandelier Exit (Long, 3 ATRs) 97.04
Chandelier Exit (Short, 3 ATRs) 105.37
Upper Bollinger Bands 122.20
Lower Bollinger Band 81.45
Percent B (%b) 0.74
BandWidth 40.02
MACD Line 1.42
MACD Signal Line -1.19
MACD Histogram 2.6099
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 124.18
Resistance 3 (R3) 125.22 122.13 122.11
Resistance 2 (R2) 122.13 118.97 121.61 121.42
Resistance 1 (R1) 116.96 117.02 115.41 115.92 120.74
Pivot Point 113.87 113.87 113.10 113.35 113.87
Support 1 (S1) 108.70 110.71 107.16 107.66 102.84
Support 2 (S2) 105.61 108.77 105.09 102.16
Support 3 (S3) 100.44 105.61 101.47
Support 4 (S4) 99.40