DRX DLY S&P BIOTECH BULL 3X (LABU) Stock Technical Analysis
USA - NYSEARCA:LABU - US25460G1206 - ETF
87.61 USD
+5.12 (+6.21%)
87.6 USD
-0.01 (-0.01%)
Overall LABU gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LABU is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month LABU has a been trading in the 68.00 - 88.30 range, which is quite wide. It is currently trading near the high of this range.
LABU has an average volume of 1302180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LABU turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
LABU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LABU is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LABU has an excellent technical rating, the quality of the presented setup is not ideal 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
66.44
123.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 82.71 to 83.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @76.85 from a horizontal line in the daily time frame.
- Support @68.54 from a trend line in the daily time frame.
- Support @67.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @122.57 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 | UP | POSITIVE | The long term trend for LABU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LABU is up. |
| ChartMill Relative Strength | 69.79 | NEUTRAL | LABU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LABU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LABU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LABU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.56 | NEUTRAL | The RSI value for LABU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests LABU has a positive trend. |
| Stochastics (14,3) | 79.7 | NEUTRAL | The Stochastics value for LABU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for LABU suggests high volalility. |
| Average Directional Index/ADX (14) | 36.92 | POSITIVE | The high ADX value value for LABU 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)
87.61
+5.12 (+6.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.21%
1 Week6.69%
2 Weeks11.29%
1 Month24.62%
3 Month53.46%
6 Month26.84%
12 Month-30.97%
2 Year14.97%
3 Year-37.51%
5 Year-91.82%
10 Year-93.26%
15 YearN/A
Volatility
ATR(14)4.52
ATR(20)%5.36%
ATR Inc11.7%
Range Today5.52
ADR(20)4.28
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.79
Mansfield-0.32
10 Day High88.3
10 Day Low74.95
20 Day High88.3
20 Day Low68
52 Week High152.58
52 Week Low32.55
CS1 End83.4
CR1 Start122.57
Volume & EV
DER(3)0.11%
DER(5)-1.14%
Volume1.10M
Volume Incr-20.64%
Vol(5)872.38K
Vol(50)1.30M