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

Grade Last Price % Change Price Change
F 93.32 6.64% 5.81
LABU closed up 4.53 percent on Friday, April 26, 2024, on 84 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 6.64%
Wide Bands Range Expansion 6.64%
Oversold Stochastic Weakness 6.64%
Stochastic Reached Oversold Weakness 11.47%
Wide Bands Range Expansion 11.47%
Gapped Down Weakness 11.47%
Oversold Stochastic Weakness 11.47%
Multiple of Ten Bearish Other 4.38%
Wide Bands Range Expansion 4.38%
Oversold Stochastic Weakness 4.38%

   Recent Intraday Alerts

Alert Time
Up 10% about 2 hours ago
Up 1 ATR about 2 hours ago
60 Minute Opening Range Breakout about 4 hours ago
2x Volume Pace about 5 hours ago
1.5x Volume Pace about 5 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
ALPN A 0.16 1.33
RVMD A 2.61 0.91
EXAS F 0.83 0.84
BMRN D 2.48 0.84
CRNX B 5.48 0.83
EXEL A 0.51 0.83
MRNA B 3.50 0.82
CERE A 0.57 0.82
CYTK D -3.89 0.81
AMGN D 2.19 0.80

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 176.7633
52 Week Low 48.237
Average Volume 2,669,978
200-Day Moving Average 102.12
50-Day Moving Average 125.57
20-Day Moving Average 102.36
10-Day Moving Average 90.08
Average True Range 8.60
RSI (14) 34.64
ADX 29.08
+DI 16.85
-DI 35.37
Chandelier Exit (Long, 3 ATRs) 110.71
Chandelier Exit (Short, 3 ATRs) 106.20
Upper Bollinger Bands 128.88
Lower Bollinger Band 75.84
Percent B (%b) 0.22
BandWidth 51.81
MACD Line -11.21
MACD Signal Line -10.38
MACD Histogram -0.8321
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 97.62
Resistance 3 (R3) 96.91 92.82 95.94
Resistance 2 (R2) 92.82 90.25 93.18 95.37
Resistance 1 (R1) 90.17 88.66 91.50 90.88 94.81
Pivot Point 86.08 86.08 86.75 86.44 86.08
Support 1 (S1) 83.43 83.51 84.76 84.14 80.21
Support 2 (S2) 79.34 81.92 79.70 79.65
Support 3 (S3) 76.69 79.34 79.09
Support 4 (S4) 77.40