Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares

Grade Last Price % Change Price Change
C 6.60 -2.80% -0.19
LABD closed down 2.8 percent on Wednesday, November 20, 2024, on 1.28 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Bearish Engulfing Bearish -2.80%
Fell Below 200 DMA Bearish -2.80%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
Down 3% about 21 hours ago
60 Minute Opening Range Breakdown about 21 hours ago
1.5x Volume Pace about 21 hours ago
Down 2 % about 21 hours ago

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Repurchase Agreement Financial Regulation Forward Contract

Is LABD 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 18.8044
52 Week Low 4.78
Average Volume 18,282,672
200-Day Moving Average 6.94
50-Day Moving Average 5.87
20-Day Moving Average 5.91
10-Day Moving Average 5.99
Average True Range 0.41
RSI (14) 60.00
ADX 23.18
+DI 34.41
-DI 17.79
Chandelier Exit (Long, 3 ATRs) 6.14
Chandelier Exit (Short, 3 ATRs) 6.00
Upper Bollinger Bands 7.11
Lower Bollinger Band 4.71
Percent B (%b) 0.79
BandWidth 40.61
MACD Line 0.20
MACD Signal Line 0.04
MACD Histogram 0.1599
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.17
Resistance 3 (R3) 7.22 7.09 7.08
Resistance 2 (R2) 7.09 6.94 7.06 7.04
Resistance 1 (R1) 6.84 6.85 6.78 6.79 7.01
Pivot Point 6.71 6.71 6.67 6.68 6.71
Support 1 (S1) 6.46 6.56 6.40 6.41 6.19
Support 2 (S2) 6.33 6.47 6.30 6.16
Support 3 (S3) 6.08 6.33 6.13
Support 4 (S4) 6.03