LABD - Direxion Daily S&P Biotech Bear 3X ETF

Exchange: NYSEARCA

LABD - Direxion Daily S&P Biotech Bear 3X ETF

Exchange: NYSEARCA

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.52%
PRICE $28.94





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Direxion Daily S&P Biotech Bear 3X ETF Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-17
Shorts n/a
Cash n/a
Loans n/a
Beta n/a
ROA n/a

Direxion Daily S&P Biotech Bear 3X ETF gained 0.52% in the last trading day, rising from $28.79 to $28.94 The price has risen in 7 of the last 10 days and is up by 15.53% over the past 2 weeks. Volume fell in the last day by -0.84 million shares, and in total, 1.35 million shares bought and sold for approximately $38.97 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.


Direxion Daily S&P Biotech Bear 3X ETF lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.27% during the next 3 months and, with 90% probability hold a price between $28.41 and $40.53 at the end of this period.

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Only positive signals in the chart today. Direxion Daily S&P Biotech Bear 3X ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $31.91. On a fall, the stock will find some support from the long-term average at approximately $26.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday October 16, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $25.40 and $24.16.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Direxion Daily S&P Biotech Bear 3X ETF finds support just below today's level at $25.40. If this is broken, then the next support from accumulated volume will be at $24.16 and $21.83.

Support: $25.40 Price: $28.94 Resistance: $29.78


This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.84 between high and low, or 6.36%. For the last week, the stock has had a daily average volatility of 9.67%.

Our recommended stoploss: $27.00 (-6.70%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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