DRX DLY S&P BIOTECH BULL 3X (LABU) Stock Technical Analysis
NYSEARCA:LABU - US25460G1206 - ETF
77.51 USD
-0.46 (-0.59%)
77.5 USD
-0.01 (-0.01%)
Taking everything into account, LABU scores 7 out of 10 in our technical rating. Although LABU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, LABU is a bad performer in the overall market: 78% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month LABU has a been trading in the 58.48 - 81.00 range, which is quite wide. It is currently trading near the high of this range.
LABU has an average volume of 1528590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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, it does not present a decent entry opportunity 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
63.60
125.40
3 important support areas can be observed.
- A support zone ranging from 71.99 to 72.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 66.53 to 67.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.24 to 65.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @124.16 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 | 22.78 | NEGATIVE | LABU has a low relative strength, it was outperformed by 77.22% off all stocks 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) | 66.35 | NEUTRAL | The RSI value for LABU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests LABU has a positive trend. |
| Stochastics (14,3) | 82 | OVERBOUGHT | The high Stochastics value suggests LABU may be overbought. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for LABU suggests some volalility. |
| Average Directional Index/ADX (14) | 22.06 | NEUTRAL | The ADX value for LABU suggests a possible start of a new 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)
77.51
-0.46 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.59%
1 Week10.24%
2 Weeks13.75%
1 Month25.26%
3 Month28.29%
6 Month-0.31%
12 Month-35.98%
2 Year1.72%
3 Year-44.71%
5 Year-92.76%
10 Year-94.04%
15 YearN/A
Volatility
ATR(14)3.94
ATR(20)%4.91%
ATR Inc17.78%
Range Today3.7
ADR(20)3.55
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.78
Mansfield-1.66
10 Day High81
10 Day Low66
20 Day High81
20 Day Low58.48
52 Week High152.58
52 Week Low32.55
CS1 End72
CR1 Start124.16
Volume & EV
DER(3)1.76%
DER(5)2.88%
Volume847.37K
Volume Incr-18.7%
Vol(5)1.14M
Vol(50)1.53M