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

Grade Last Price % Change Price Change
grade C 49.77 3.04% 1.47
LABU closed up 3.04 percent on Friday, January 18, 2019, on 70 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
Jan 18 Wide Bands Range Expansion 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 17 Wide Bands Range Expansion 3.04%
Jan 17 Overbought Stochastic Strength 3.04%
Jan 16 Shooting Star Candlestick Bearish 5.51%
Jan 16 Multiple of Ten Bearish Other 5.51%
Jan 16 Wide Bands Range Expansion 5.51%
Jan 16 Overbought Stochastic Strength 5.51%
Jan 15 180 Bullish Setup Bullish Swing Setup 4.32%
Jan 15 Wide Bands Range Expansion 4.32%

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.
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 116.54
52 Week Low 24.0
Average Volume 4,749,652
200-Day Moving Average 77.4032
50-Day Moving Average 43.5278
20-Day Moving Average 38.7145
10-Day Moving Average 46.726
Average True Range 4.1732
ADX 20.94
+DI 26.1488
-DI 19.7742
Chandelier Exit (Long, 3 ATRs ) 38.3304
Chandelier Exit (Short, 3 ATRs ) 36.5196
Upper Bollinger Band 55.6497
Lower Bollinger Band 21.7793
Percent B (%b) 0.83
BandWidth 87.487634
MACD Line 1.8558
MACD Signal Line 0.0879
MACD Histogram 1.7679
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.39
Resistance 3 (R3) 53.90 51.86 53.62
Resistance 2 (R2) 51.86 50.69 52.11 53.36
Resistance 1 (R1) 50.82 49.96 51.34 51.31 53.11
Pivot Point 48.78 48.78 49.05 49.03 48.78
Support 1 (S1) 47.74 47.61 48.26 48.23 46.43
Support 2 (S2) 45.70 46.88 45.95 46.18
Support 3 (S3) 44.66 45.70 45.92
Support 4 (S4) 45.15