Stock Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Direxion Daily S&P Biotech Bear 3X Shares (PACF:LABD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LABD
The long term trend has been UP since Oct 4th, 2018 at 27.6150
The intermediate term trend has been DOWN since Jan 7th, 2019 at 36.1026
The short term trend has been DOWN since Dec 26th, 2018 at 46.9089
Smart Scan Analysis for LABD
Based on a pre-defined weighted trend formula for chart analysis, LABD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||47||Year High Date||2018-01-02|
|Year Low||21.3501||Year Low Date||2018-08-30|
|52wk High||59||52wk High Date||2017-12-06|
|52wk Low||21.3501||52wk Low Date||2018-08-30|