Free Daily Analysis
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.
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MarketClub’s Trade Triangles for LABD
The long-term trend has been UP since Aug 28th, 2020 at 7.7664
The intermediate-term trend has been DOWN since Oct 5th, 2020 at 52.7739
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).
| 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 |