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Index Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Direxion Daily S&P Biotech Bear 3X Shares (GIF:LABD)

Bull Market Weakness (+75) - LABD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on LABD as it may be in the beginning stages of a reversal.

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
17.7578 21.2232 17.7578 19.8385 -0.1341
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 Feb 23rd, 2021 at 19.5433

short term up The short-term trend has been UP since Feb 16th, 2021 at 14.9818

Smart Scan Analysis for LABD

Based on our trend formula, LABD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for LABD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.7578 21.2232 17.7578 19.8385 -0.1341
Prev. Close Volume Bid Ask Time
19.9726 0 2021-02-26 14:39:30
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