Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares

Grade Last Price % Change Price Change
F 106.00 2.52% 2.61
LABU closed up 2.52 percent on Wednesday, November 20, 2024, on 1.18 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
11 Watchers
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Slingshot Bearish Bearish Swing Setup 2.52%
Bullish Engulfing Bullish 2.52%
Lower Bollinger Band Walk Weakness 2.52%
Multiple of Ten Bullish Other 2.52%

   Recent Intraday Alerts

Alert Time
Up 3% about 19 hours ago
60 Minute Opening Range Breakout about 20 hours ago
Up 2% about 20 hours ago
Up 1% about 20 hours ago
Rose Above Previous Day's High about 21 hours ago

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Profile

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.
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

Top 10 Components

Symbol Grade Price % Change Allocation
INCY C 0.69 2.06
NTRA A 3.57 2.02
UTHR C 1.00 1.92
GILD B 1.00 1.88
NBIX C 3.49 1.70
VRTX D 0.72 1.68
ALNY D 6.20 1.64
INSM C -1.42 1.61
AMGN D 2.83 1.50
SRPT F 3.98 1.48

Is LABU 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 176.5382
52 Week Low 66.4875
Average Volume 1,060,364
200-Day Moving Average 123.20
50-Day Moving Average 126.76
20-Day Moving Average 124.34
10-Day Moving Average 122.19
Average True Range 8.38
RSI (14) 36.71
ADX 22.32
+DI 20.24
-DI 35.94
Chandelier Exit (Long, 3 ATRs) 127.44
Chandelier Exit (Short, 3 ATRs) 120.41
Upper Bollinger Bands 151.78
Lower Bollinger Band 96.90
Percent B (%b) 0.17
BandWidth 44.14
MACD Line -5.30
MACD Signal Line -1.61
MACD Histogram -3.6924
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 114.73
Resistance 3 (R3) 113.93 110.21 113.27
Resistance 2 (R2) 110.21 107.99 110.61 112.79
Resistance 1 (R1) 108.11 106.62 109.16 108.91 112.30
Pivot Point 104.39 104.39 104.92 104.79 104.39
Support 1 (S1) 102.29 102.17 103.34 103.09 99.70
Support 2 (S2) 98.57 100.80 98.98 99.21
Support 3 (S3) 96.47 98.57 98.73
Support 4 (S4) 97.27