DRX DLY S&P BIOTECH BEAR 3X (LABD) Stock Technical Analysis
USA - NYSEARCA:LABD - US25461H8530 - ETF
35.02 USD
+0.18 (+0.52%)
35.06 USD
+0.04 (+0.11%)
We assign a technical rating of 0 out of 10 to LABD. LABD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, LABD is a bad performer in the overall market: 96% of all stocks are doing better.
LABD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month LABD has a been trading in the 32.94 - 50.69 range, which is quite wide. It is currently trading near the lows of this range.
LABD has an average volume of 12422200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of LABD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.67
50.75
We can see 2 important resistance areas.
- Resistance @46.19 from a trend line in the daily time frame.
- A resistance zone ranging from 49.98 to 50.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LABD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LABD is down. |
| ChartMill Relative Strength | 4.05 | NEGATIVE | LABD has a low relative strength, it was outperformed by 95.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LABD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LABD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LABD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.6 | OVERSOLD | The low RSI value suggests LABD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LABD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.17 | OVERSOLD | The low Stochastics value suggests LABD may be oversold. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for LABD suggests high volalility. |
| Average Directional Index/ADX (14) | 45.76 | POSITIVE | The high ADX value value for LABD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.02
+0.18 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.52%
1 Week-4.19%
2 Weeks-13.4%
1 Month-30.24%
3 Month-46.29%
6 Month-66.07%
12 Month-38.13%
2 Year-86.92%
3 Year-82.63%
5 Year-93.54%
10 Year-99.57%
15 YearN/A
Volatility
ATR(14)2.11
ATR(20)%6.72%
ATR Inc-3.5%
Range Today2.56
ADR(20)2.21
ADR(20)%6.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.05
Mansfield-5.45
10 Day High40.48
10 Day Low32.94
20 Day High50.69
20 Day Low32.94
52 Week High160.5
52 Week Low32.94
CS1 EndN/A
CR1 Start46.19
Volume & EV
DER(3)-1.85%
DER(5)-3.28%
Volume1.58M
Volume Incr-83.7%
Vol(5)1.79M
Vol(50)12.42M