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

Grade Last Price % Change Price Change
grade F 40.136 -2.01% -0.82
LABU closed down 1.06 percent on Tuesday, September 17, 2019, on 60 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 Down Up
See historical LABU trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -2.01%
Multiple of Ten Bullish Other -2.01%
Weak + Overbought Other -2.01%
Inside Day Range Contraction -2.01%
Overbought Stochastic Strength -2.01%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -3.05%
Multiple of Ten Bullish Other -3.05%
Weak + Overbought Other -3.05%
Outside Day Range Expansion -3.05%
Overbought Stochastic Strength -3.05%

Older signals for LABU ...

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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 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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 98.02
52 Week Low 24.0
Average Volume 2,184,316
200-Day Moving Average 46.9636
50-Day Moving Average 41.7332
20-Day Moving Average 37.8285
10-Day Moving Average 38.31
Average True Range 2.7734
ADX 18.8
+DI 18.6688
-DI 16.2157
Chandelier Exit (Long, 3 ATRs ) 33.7198
Chandelier Exit (Short, 3 ATRs ) 41.7702
Upper Bollinger Band 42.4161
Lower Bollinger Band 33.2409
Percent B (%b) 0.84
BandWidth 24.254729
MACD Line -0.3108
MACD Signal Line -1.145
MACD Histogram 0.8342
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.10
Resistance 3 (R3) 43.92 42.70 43.57
Resistance 2 (R2) 42.70 41.90 42.79 43.40
Resistance 1 (R1) 41.83 41.41 42.27 42.01 43.22
Pivot Point 40.61 40.61 40.83 40.70 40.61
Support 1 (S1) 39.74 39.81 40.18 39.92 38.70
Support 2 (S2) 38.52 39.32 38.61 38.52
Support 3 (S3) 37.65 38.52 38.35
Support 4 (S4) 37.83