Index Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Direxion Daily S&P Biotech Bull 3X Shares (GIF:LABU)
Countertrend Down (-85) - LABU is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid LABU?
MarketClub looks at technical strength and momentum to determine if the timing is right for LABU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LABU
The long-term trend has been DOWN since Mar 4th, 2021 at 81.696
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 126.037
The short-term trend has been UP since Apr 14th, 2021 at 73.246
Smart Scan Analysis for LABU
Based on our trend formula, LABU is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).