Index Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Direxion Daily S&P Biotech Bear 3X Shares (GIF:LABD)
Strong Downtrend (-100) - LABD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for LABD
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for LABD
Based on our trend formula, LABD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).