Daily S&P Biotech Bull 3X Shares (LABU) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for LABU · data as of Jun 30, 2026. The chart above is live; the read below updates daily.

$292.10last close · Jun 30, 2026

LABU bullish pennant pattern

LABU is currently forming a Bullish Pennant on the daily timeframe. Detected Jun 30, 2026.

A Bullish Pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $223.06 (+34.4%). Across 13,034 backtested bullish pennants, the setup followed through 55.2% of the time, averaging +0.58R.

DirectionBullishTarget$223.06Projected move+34.4%Breakout level$172.33

LABU's most recent bullish pennant trade

LABU's most recent completed Bullish Pennant resolved as a loss: it broke higher on Feb 18, 2026 near $166.70, then was stopped out at $146.14 on Mar 18, 2026 — a -1.07R move (12.3%) over 20 sessions. Across 40 backtested bullish pennants, this setup wins 57.5% of the time.

OutcomeLossResult-1.07REntry$166.70Exit$146.14

How bullish pennants have performed

Win rate
55.2%
Avg return
+0.58R
Backtested trades
13,034

Historical pattern statistics (1986-11-26 – 2026-06-08), not a prediction.

LABU support and resistance levels

Nothing notable near price right now — the chart is quiet on the weekly view, and that's perfectly normal.

  • Much of the time charts simply drift between levels; the best reads are worth waiting for.
  • Keep an eye out for price approaching a floor (where it tends to steady) or a ceiling (where it tends to stall) — that's usually where the next readable move begins.

LABU recent daily prices

DateOpenHighLowClose
Jun 30, 2026$294.33$301.57$287.77$292.10
Jun 29, 2026$277.66$292.64$271.01$291.68
Jun 26, 2026$255.85$279.32$255.85$276.16
Jun 25, 2026$250.24$272.70$249.95$257.80
Jun 24, 2026$238.20$257.84$238.20$248.04
Jun 23, 2026$221.29$243.00$221.29$235.21
Jun 22, 2026$221.39$233.50$218.92$230.01
Jun 18, 2026$211.20$218.00$197.80$206.86
Jun 17, 2026$189.20$210.70$188.78$200.41
Jun 16, 2026$189.29$192.00$179.53$184.63

LABU frequently asked questions

What chart pattern is LABU forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Bullish Pennant on Daily S&P Biotech Bull 3X Shares (LABU) on the daily chart, with a measured-move target of $223.06.
Is a Bullish Pennant bullish or bearish?
The Bullish Pennant detected on LABU is a bullish pattern, projecting a measured-move target of $223.06. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Bullish Pennant pattern, and what is its win rate?
Across TradingPal's backtest of the Bullish Pennant family (13,034 trades over 516 symbols), it resolved in the expected direction 55.2% of the time with an average of +0.58R. These are historical statistics, not a prediction.
What is the price target if LABU's pattern breaks out?
The detected Bullish Pennant has a geometry-based measured-move target of $223.06 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was LABU's closing price on Jun 30, 2026?
Daily S&P Biotech Bull 3X Shares (LABU) last closed at $292.10 on Jun 30, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.

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