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

Grade Last Price % Change Price Change
D 7.82 3.30% 0.25
LABD closed down 6.08 percent on Wednesday, May 15, 2024, on approximately 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.
6 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Lizard Bullish Bullish Day Trade Setup 3.30%
Doji - Bullish? Reversal 3.30%
Wide Bands Range Expansion 3.30%
Down 3 Days in a Row Weakness 3.30%
Gapped Down Weakness 3.30%
Oversold Stochastic Weakness 3.30%
Doji - Bullish? Reversal -2.98%
Stochastic Reached Oversold Weakness -2.98%
Wide Bands Range Expansion -2.98%
Gapped Down Weakness -2.98%

   Recent Intraday Alerts

Alert Time
2x Volume Pace 9 minutes ago
1.5x Volume Pace 9 minutes ago
Lizard Bullish Entry 24 minutes ago
Rose Above Previous Day's High 24 minutes ago
Up 3% 24 minutes 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

Top 10 Components

Symbol Grade Price % Change Allocation
EXEL F -0.71 1.91
BMRN F -1.74 1.89
BLUE F -2.91 1.87
VRTX C -0.89 1.84
SAGE F -0.85 1.80
UTHR B -0.19 1.78
REGN C -0.37 1.77
AMGN B -1.56 1.75
ALNY C -1.63 1.73
EXAS F -0.67 1.73

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 29.4219
52 Week Low 5.6716
Average Volume 14,497,967
200-Day Moving Average 13.68
50-Day Moving Average 8.41
20-Day Moving Average 9.28
10-Day Moving Average 8.32
Average True Range 0.73
RSI (14) 37.50
ADX 22.11
+DI 16.95
-DI 31.50
Chandelier Exit (Long, 3 ATRs) 9.23
Chandelier Exit (Short, 3 ATRs) 9.44
Upper Bollinger Bands 11.42
Lower Bollinger Band 7.15
Percent B (%b) 0.1
BandWidth 46.02
MACD Line -0.23
MACD Signal Line 0.00
MACD Histogram -0.2308
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.19
Resistance 3 (R3) 8.15 7.91 8.08
Resistance 2 (R2) 7.91 7.75 7.93 8.05
Resistance 1 (R1) 7.74 7.66 7.78 7.78 8.01
Pivot Point 7.50 7.50 7.52 7.52 7.50
Support 1 (S1) 7.33 7.34 7.37 7.37 7.13
Support 2 (S2) 7.09 7.25 7.11 7.09
Support 3 (S3) 6.92 7.09 7.06
Support 4 (S4) 6.96