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.
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Trend Table & Recent EOD Trading Signals

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%

   Recent Intraday Alerts

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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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
VKTX C 1.26 2.63
IOVA C 0.86 1.74
CYTK D -2.21 1.64
KRTX A 0.00 1.41
KRYS C -2.57 1.41
NTRA B 0.67 1.33
SRPT C 0.75 1.25
AKRO D -2.54 1.21
BEAM C -3.80 1.15
RVMD C -2.80 1.14

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 176.9899
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