LABD Price Prediction, Direxion Daily S&P Biotech Bear 3X ETF AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
LABD's RSI Indicator ascending into overbought territory
The RSI Indicator for LABD moved into overbought territory on October 02, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LABD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
LABD broke above its upper Bollinger Band on September 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 13, 2023. You may want to consider a long position or call options on LABD as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LABD just turned positive on September 15, 2023. Looking at past instances where LABD's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for LABD moved above the 200-day moving average on September 22, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where LABD advanced for three days, in of 271 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 146 cases where LABD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category BearMarket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| BUFBX | 18.32 | -0.16 | -0.87% |
| Buffalo Flexible Income | |||
| APHIX | 24.75 | -0.28 | -1.12% |
| Artisan International Institutional | |||
| NILTX | 11.83 | -0.15 | -1.25% |
| Neuberger Berman International Sel Tr | |||
| PBGIX | 5.80 | -0.08 | -1.36% |
| Polen Global SMID Company Growth Instl | |||
| VCRIX | 10.72 | -0.34 | -3.07% |
| MainStay CBRE Global Infrastructure I | |||
LABD and
Correlation & Price change
A.I.dvisor indicates that over the last year, LABD has been loosely correlated with SPXS. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if LABD jumps, then SPXS could also see price increases.
| Ticker / NAME | Correlation To LABD | 1D Price Change % | ||
|---|---|---|---|---|
| LABD | 100% | +10.00% | ||
| SPXS - LABD | 65% Loosely correlated | +0.06% | ||
| SPXU - LABD | 64% Loosely correlated | N/A | ||
| SDS - LABD | 64% Loosely correlated | +0.05% | ||
| SH - LABD | 63% Loosely correlated | +0.07% | ||
| PSQ - LABD | 60% Loosely correlated | -0.73% | ||
More | ||||