Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 114.70 | 1.11% | 1.26 |
LABU closed up 1.11 percent on Monday, July 1, 2024, on 79 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| 20 DMA Support | Bullish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| 20 DMA Support | Bullish | 1.11% | |
| Bollinger Band Squeeze | Range Contraction | 1.11% | |
| 20 DMA Support | Bullish | 0.50% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 0.50% | |
| Bollinger Band Squeeze | Range Contraction | 0.50% | |
| Multiple of Ten Bullish | Other | 0.50% | |
| BB Squeeze Started | Range Contraction | 0.50% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 10 hours ago |
| 1.5x Volume Pace | about 10 hours ago |
| Up 5% | about 10 hours ago |
| 20 DMA Support | about 11 hours ago |
| Rose Above Previous Day's High | about 11 hours ago |
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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.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Repurchase Agreement Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Biotechnology Leveraged ETF Ultra ETF S&P 500 Index CBOE Repurchase Agreement Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 176.5382 |
| 52 Week Low | 48.1756 |
| Average Volume | 1,852,464 |
| 200-Day Moving Average | 102.81 |
| 50-Day Moving Average | 106.66 |
| 20-Day Moving Average | 112.75 |
| 10-Day Moving Average | 111.34 |
| Average True Range | 7.33 |
| RSI (14) | 53.49 |
| ADX | 12.95 |
| +DI | 29.30 |
| -DI | 22.07 |
| Chandelier Exit (Long, 3 ATRs) | 102.86 |
| Chandelier Exit (Short, 3 ATRs) | 120.10 |
| Upper Bollinger Bands | 121.86 |
| Lower Bollinger Band | 103.64 |
| Percent B (%b) | 0.61 |
| BandWidth | 16.16 |
| MACD Line | 1.34 |
| MACD Signal Line | 1.16 |
| MACD Histogram | 0.1796 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 125.74 | ||||
| Resistance 3 (R3) | 126.26 | 123.09 | 123.90 | ||
| Resistance 2 (R2) | 123.09 | 120.28 | 122.83 | 123.29 | |
| Resistance 1 (R1) | 118.90 | 118.54 | 120.99 | 118.38 | 122.67 |
| Pivot Point | 115.73 | 115.73 | 116.78 | 115.47 | 115.73 |
| Support 1 (S1) | 111.54 | 112.92 | 113.64 | 111.02 | 106.73 |
| Support 2 (S2) | 108.37 | 111.18 | 108.12 | 106.11 | |
| Support 3 (S3) | 104.18 | 108.37 | 105.50 | ||
| Support 4 (S4) | 103.66 |
