Technical Analysis for LABU - Direxion Daily S&P Biotech Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 110.90 | 2.87% | 3.09 |
LABU closed up 2.87 percent on Tuesday, May 14, 2024, on 62 percent of normal volume. It ran into resistance at its 50 day moving average. 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 | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Multiple of Ten Bullish | Other | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 2.87% | |
| Wide Bands | Range Expansion | 2.87% | |
| Gapped Up | Strength | 2.87% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 11 hours ago |
| 2x Volume Pace | about 13 hours ago |
| 1.5x Volume Pace | about 13 hours ago |
| Up 1 ATR | about 14 hours ago |
| Rose Above Previous Day's High | about 14 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 | 176.7633 |
| 52 Week Low | 48.237 |
| Average Volume | 2,476,494 |
| 200-Day Moving Average | 101.11 |
| 50-Day Moving Average | 115.39 |
| 20-Day Moving Average | 97.77 |
| 10-Day Moving Average | 106.29 |
| Average True Range | 8.36 |
| RSI (14) | 55.16 |
| ADX | 18.14 |
| +DI | 27.75 |
| -DI | 18.72 |
| Chandelier Exit (Long, 3 ATRs) | 91.23 |
| Chandelier Exit (Short, 3 ATRs) | 105.48 |
| Upper Bollinger Bands | 116.11 |
| Lower Bollinger Band | 79.43 |
| Percent B (%b) | 0.86 |
| BandWidth | 37.52 |
| MACD Line | -0.77 |
| MACD Signal Line | -3.36 |
| MACD Histogram | 2.582 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 121.94 | ||||
| Resistance 3 (R3) | 122.51 | 119.41 | 120.10 | ||
| Resistance 2 (R2) | 119.41 | 116.60 | 119.12 | 119.49 | |
| Resistance 1 (R1) | 115.15 | 114.86 | 113.60 | 114.58 | 118.87 |
| Pivot Point | 112.05 | 112.05 | 111.27 | 111.76 | 112.05 |
| Support 1 (S1) | 107.79 | 109.24 | 106.24 | 107.22 | 102.93 |
| Support 2 (S2) | 104.69 | 107.50 | 104.40 | 102.31 | |
| Support 3 (S3) | 100.43 | 104.69 | 101.70 | ||
| Support 4 (S4) | 99.86 |
