Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Direxion Daily S&P Biotech Bear 3X Shares (GIF:LABD)
Sidelines Mode (+55) - LABD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid LABD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LABD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for LABD
The long-term trend has been DOWN since Dec 1st, 2020 at 30.9649
The intermediate-term trend has been UP since Mar 30th, 2021 at 26.1229
The short-term trend has been DOWN since Apr 14th, 2021 at 23.0271
Smart Scan Analysis for LABD
Based on our trend formula, LABD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.2607 | 25.3730 | 22.2607 | 24.9165 | +1.5025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.4140 | 0 | 2021-04-19 16:03:15 |