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Index Trend Analysis Report

Prepared for you on Monday, October 19, 2020.

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
45.7782 48.3654 44.2165 48.0269 +2.8339
Entry Signal

MarketClub’s Trade Triangles for LABD

long term up The long-term trend has been UP since Aug 28th, 2020 at 7.7664

intermediate term down The intermediate-term trend has been DOWN since Oct 5th, 2020 at 52.7739

short term up The short-term trend has been UP since Oct 15th, 2020 at 47.3601

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
45.7782 48.3654 44.2165 48.0269 +2.8339
Prev. Close Volume Bid Ask Time
58.8162 0 2020-10-19 16:02:22
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