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LABD
ETF ticker: NYSE ARCA
AS OF
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Net Assets
75.54M

LABD Price Prediction, Direxion Daily S&P Biotech Bear 3X ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for LABD with price predictions
08:00 PM EDT Oct 01, 2023

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.

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index. The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category BearMarket

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LABD
1D Price
Change %
LABD100%
+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%
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