DRX DLY S&P BIOTECH BEAR 3X (LABD) Stock Technical Analysis
NYSEARCA:LABD - NYSE Arca - US25460G7161 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to LABD. In the last year, LABD was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month LABD has a been trading in the 7.51 - 10.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
LABD has an average volume of 10609300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, LABD did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
LABD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LABD is lagging the market slightly.
LABD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LABD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.58
10.70
2 important support areas can be observed.
- A support zone ranging from 8.06 to 8.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.66 to 7.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.71 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.84 to 9.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.59 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for LABD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LABD is neutral. |
| ChartMill Relative Strength | 86.4 | POSITIVE | LABD has a high relative strength, it outperformed 86.4% 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) | UP | MIXED | The current price of LABD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LABD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.97 | NEUTRAL | The RSI value for LABD is a neutral value. |
| 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) | 38.49 | NEUTRAL | The Stochastics value for LABD is a neutral value. |
| Average True Range in percent/ATR (20) | 8.95 | HIGH VOLATILITY | The high ATR as a percentage value for LABD suggests high volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for LABD suggests a weak or negative 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)
8.7
+0.08 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.93%
1 Week-0.68%
2 Weeks-11.5%
1 Month0%
3 Month28.13%
6 Month41%
12 Month1.52%
2 Year-38.3%
3 Year-84.63%
5 Year-90.71%
10 Year-98.87%
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%8.95%
ATR Inc-49.68%
Range Today0.44
ADR(20)0.72
ADR(20)%8.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.4
Mansfield1.98
10 Day High9.95
10 Day Low7.88
20 Day High10.1
20 Day Low7.51
52 Week High16.05
52 Week Low4.78
CS1 End8.13
CR1 Start8.71
Volume & EV
DER(3)3.81%
DER(5)0.7%
Volume7.91M
Volume Incr-26.4%
Vol(5)8.32M
Vol(50)10.61M