Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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% |
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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.
| 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. | ||
See more LABU news...
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 |
