Technical Analysis for LABD - Direxion Daily S&P Biotech Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 7.25 | -1.09% | -0.08 |
LABD closed down 1.09 percent on Monday, July 1, 2024, on approximately normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| 20 DMA Resistance | Bearish | -1.09% | |
| MACD Bullish Signal Line Cross | Bullish | -1.09% | |
| Bollinger Band Squeeze | Range Contraction | -1.09% | |
| 20 DMA Resistance | Bearish | -0.14% | |
| MACD Bearish Signal Line Cross | Bearish | -0.14% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | -0.14% | |
| Bollinger Band Squeeze | Range Contraction | -0.14% | |
| BB Squeeze Started | Range Contraction | -0.14% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 10 hours ago |
| 1.5x Volume Pace | about 10 hours ago |
| 3x Volume Pace | about 10 hours ago |
| Down 5% | about 10 hours ago |
| Down 3% | about 11 hours ago |
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Basic chart:
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.
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
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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 29.0565 |
| 52 Week Low | 5.6012 |
| Average Volume | 13,240,955 |
| 200-Day Moving Average | 12.26 |
| 50-Day Moving Average | 8.23 |
| 20-Day Moving Average | 7.46 |
| 10-Day Moving Average | 7.50 |
| Average True Range | 0.51 |
| RSI (14) | 43.82 |
| ADX | 15.84 |
| +DI | 21.94 |
| -DI | 30.21 |
| Chandelier Exit (Long, 3 ATRs) | 7.28 |
| Chandelier Exit (Short, 3 ATRs) | 8.26 |
| Upper Bollinger Bands | 8.10 |
| Lower Bollinger Band | 6.82 |
| Percent B (%b) | 0.33 |
| BandWidth | 17.11 |
| MACD Line | -0.21 |
| MACD Signal Line | -0.21 |
| MACD Histogram | 0.0009 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.96 | ||||
| Resistance 3 (R3) | 7.93 | 7.66 | 7.84 | ||
| Resistance 2 (R2) | 7.66 | 7.48 | 7.68 | 7.80 | |
| Resistance 1 (R1) | 7.46 | 7.37 | 7.32 | 7.49 | 7.76 |
| Pivot Point | 7.19 | 7.19 | 7.12 | 7.20 | 7.19 |
| Support 1 (S1) | 6.98 | 7.01 | 6.85 | 7.01 | 6.74 |
| Support 2 (S2) | 6.71 | 6.89 | 6.73 | 6.70 | |
| Support 3 (S3) | 6.51 | 6.71 | 6.66 | ||
| Support 4 (S4) | 6.54 |
