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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.

GIF_LABD
Open High Low LABD Price Change
22.2607 25.3730 22.2607 24.9165 +1.5025
Entry Signal

MarketClub’s Trade Triangles for LABD

long term down The long-term trend has been DOWN since Dec 1st, 2020 at 30.9649

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2021 at 26.1229

short term down 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).

+55
Smart Scan Analysis for LABD
Strong Downtrend Sideways 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
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