Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
41.4 | 3.99% | 1.59 |
LABU closed up 3.99 percent on Friday, November 15, 2019, on 57 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 |
|---|---|---|---|
| Stochastic Reached Overbought | Strength | 0.00% | |
| Multiple of Ten Bullish | Other | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 3.99% | |
| Inside Day | Range Contraction | 3.99% | |
| Overbought Stochastic | Strength | 3.99% | |
| Multiple of Ten Bullish | Other | 1.69% | |
| Outside Day | Range Expansion | 1.69% | |
| Overbought Stochastic | Strength | 1.69% | |
| Doji - Bearish? | Reversal | 2.96% |
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Basic chart:
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
Exchange Traded Funds Index Fund Index Biotechnology S&P 500 Index Cboe Repurchase Agreement Biotechnology Industry
| 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 | 66.67 |
| 52 Week Low | 24.0 |
| Average Volume | 2,324,767 |
| 200-Day Moving Average | 45.5021 |
| 50-Day Moving Average | 36.0822 |
| 20-Day Moving Average | 38.341 |
| 10-Day Moving Average | 39.617 |
| Average True Range | 2.0691 |
| ADX | 19.6 |
| +DI | 26.4292 |
| -DI | 13.7426 |
| Chandelier Exit (Long, 3 ATRs ) | 35.4181 |
| Chandelier Exit (Short, 3 ATRs ) | 38.5273 |
| Upper Bollinger Band | 41.9798 |
| Lower Bollinger Band | 34.7022 |
| Percent B (%b) | 0.92 |
| BandWidth | 18.981247 |
| MACD Line | 1.5052 |
| MACD Signal Line | 1.2656 |
| MACD Histogram | 0.2396 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 43.62 | ||||
| Resistance 3 (R3) | 43.38 | 42.39 | 43.25 | ||
| Resistance 2 (R2) | 42.39 | 41.83 | 42.52 | 43.13 | |
| Resistance 1 (R1) | 41.90 | 41.48 | 42.15 | 42.14 | 43.00 |
| Pivot Point | 40.91 | 40.91 | 41.04 | 41.04 | 40.91 |
| Support 1 (S1) | 40.42 | 40.35 | 40.67 | 40.66 | 39.80 |
| Support 2 (S2) | 39.43 | 40.00 | 39.56 | 39.67 | |
| Support 3 (S3) | 38.94 | 39.43 | 39.55 | ||
| Support 4 (S4) | 39.18 |
