DRX DLY S&P BIOTECH BEAR 3X (LABD) Stock Technical Analysis
NYSEARCA:LABD - NYSE Arca - US25460G7161 - ETF - Currency: USD
Taking everything into account, LABD scores 0 out of 10 in our technical rating. LABD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, LABD is a bad performer in the overall market: 93% of all stocks are doing better.
LABD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month LABD has a been trading in the 6.72 - 8.07 range, which is quite wide. It is currently trading near the lows of this range.
LABD has an average volume of 12029200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LABD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.87, a Stop Loss order could be placed below this zone.
More info and screens
6.80
9.29
When analyzing the support we notice one important area.
- A support zone ranging from 6.87 to 6.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.68 to 7.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.20 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 | 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 | 7.17 | NEGATIVE | LABD has a low relative strength, it was outperformed by 92.83% 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) | UP | MIXED | The current price of LABD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.76 | NEUTRAL | The RSI value for LABD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LABD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.39 | NEUTRAL | The Stochastics value for LABD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for LABD suggests high volalility. |
| Average Directional Index/ADX (14) | 15.64 | 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)
6.88
-0.1 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.43%
1 Week-5.23%
2 Weeks-9.11%
1 Month-9.83%
3 Month-43.61%
6 Month2.53%
12 Month-9.23%
2 Year-49.96%
3 Year-74.7%
5 Year-90.36%
10 Year-98.81%
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%6.54%
ATR Inc6.31%
Range Today0.25
ADR(20)0.43
ADR(20)%6.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.17
Mansfield-1.08
10 Day High8.07
10 Day Low6.83
20 Day High8.07
20 Day Low6.72
52 Week High16.05
52 Week Low4.78
CS1 End6.87
CR1 Start7.68
Volume & EV
DER(3)-4.18%
DER(5)-0.09%
Volume11.58M
Volume Incr12.57%
Vol(5)14.58M
Vol(50)12.03M