Free Daily Analysis
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.
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MarketClub’s Trade Triangles for LABD
The long-term trend has been DOWN since Dec 1st, 2020 at 30.9649
The intermediate-term trend has been UP since Feb 23rd, 2021 at 19.5433
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).
| 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 |