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Direxion Daily S&P Biotech Bull 3X Shares

Direxion Daily S&P Biotech Bull 3X Shares technical analysis

LABUTrading--Leveraged Equity Updated daily

Technical analysis of Direxion Daily S&P Biotech Bull 3X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.

What is Direxion Daily S&P Biotech Bull 3X Shares

LABU is an exchange-traded fund that provides 3x daily leveraged exposure to the biotechnology sector by investing at least 80% of its assets in financial instruments such as swap agreements, securities, and ETFs that track the underlying index. The fund aims to measure the performance of the biotechnology sub-industry according to Global Industry Classification Standards.

Description generated automatically from public sources; it may be inaccurate or out of date.

Direxion Daily S&P Biotech Bull 3X Shares: latest session data

Closing values for October 20, 2026, computed on the last 12 months of prices.

Close235.99 $
Change+10.90%
RSI (14)48.1
MACD-14.527
ADX19.4
Volatility (ATR)8.87%
Volume vs 20-avg99%
12-month high341.93 $
12-month low150.77 $

Moving averages

21 sessions

240.12 $

−1.72%

50 sessions

269.89 $

−12.56%

200 sessions

213.62 $

+10.47%

Session levels

s2

196.42

Support

s1

204.61

Support

pivot

210.29

Pivot

r1

218.48

Resistance

r2

224.16

Resistance

How to read it

In the October 20, 2026 session Direxion Daily S&P Biotech Bull 3X Shares closed higher at 235.99 $, +10.90% versus the previous session.

The price sits mixed against its moving averages: −1.72% against the 21-session average, −12.56% against the 50 and +10.47% against the 200.

The 14-period RSI reads 48.1, in neutral territory.

MACD stands at -14.527 against a signal line at -14.081: the histogram is negative (−0.447).

ADX reads 19.4, indicating weak directionality.

Levels computed on the latest session place supports at 204.61 and 196.42 $ and resistances at 218.48 and 224.16 $, around a pivot of 210.29.

The average daily range (ATR) is 20.926 $, or 8.87% of price.

Turnover was 464.3K shares, 99% of the 20-session average.

Over the last twelve months the price ranged between 150.77 and 341.93 $, and today stands −30.98% from the period high.

Measures computed on closing prices. They describe the past; they are not forecasts.

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How Montbon’s technical analysis works

Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.

Elliott Waves

Wave counting to frame the price structure.

MTF moving averages

Moving averages across timeframes to read the trend.

0–100 score

A technical summary of the setup, updated daily.

Read the full Montbon Score methodology →

FAQ about Direxion Daily S&P Biotech Bull 3X Shares

How is Direxion Daily S&P Biotech Bull 3X Shares analysed technically?

Technical analysis of Direxion Daily S&P Biotech Bull 3X Shares is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.

Which timeframes are used for Direxion Daily S&P Biotech Bull 3X Shares?

The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.

What are Elliott Waves applied to Direxion Daily S&P Biotech Bull 3X Shares?

Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily S&P Biotech Bull 3X Shares it helps frame the technical structure of the historical chart and is not a forecast.

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