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LABU
ETF ticker:
NYSE ARCA
AS OF
May 26 closing price
Price
$5.77
Change
+$0.20 (+3.59%)
Net Assets
617.95M

LABU Direxion Daily S&P Biotech Bull 3X ETF Forecast, Technical & Fundamental Analysis

Category Trading
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT May 26, 2022

LABU's RSI Indicator climbs out of oversold territory

The RSI Indicator for LABU moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In 26 of the 28 cases the stock moved higher. This puts the odds of a move higher at 90%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on LABU as a result. In of 97 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 LABU just turned positive on May 17, 2022. Looking at past instances where LABU's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LABU advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .

LABU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where LABU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LABU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for LABU entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
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A.I. Advisor
published General Information

General Information

Category Trading

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

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LABU and

Correlation & Price change

A.I.dvisor indicates that over the last year, LABU has been closely correlated with QLD. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if LABU jumps, then QLD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LABU
1D Price
Change %
LABU100%
+3.78%
QLD - LABU
69%
Closely correlated
+5.49%
TQQQ - LABU
69%
Closely correlated
+8.36%
SOXL - LABU
64%
Loosely correlated
+11.64%
SSO - LABU
63%
Loosely correlated
+3.90%
SPXL - LABU
62%
Loosely correlated
+5.83%
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