DIREXION DAILY ENERGY BULL 2 (ERX) Stock Technical Analysis
NYSEARCA:ERX - NYSE Arca - US25460G6098 - ETF - Currency: USD
Overall ERX gets a technical rating of 1 out of 10. ERX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ERX is a bad performer in the overall market: 70% of all stocks are doing better.
ERX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month ERX has a been trading in the 52.51 - 64.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ERX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
52.72
70.25
When analyzing the support we notice one important area.
- A support zone ranging from 53.25 to 53.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 59.86 to 60.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.84 to 63.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @64.46 from a horizontal line in the daily time frame.
- Resistance @69.55 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.46
Mansfield-1.37
10 Day High62.92
10 Day Low52.51
20 Day High64.7
20 Day Low52.51
52 Week High77.52
52 Week Low51.9
Performance
1 Week-8.12%
2 Weeks-8.15%
1 Month-3.47%
3 Month-9.27%
6 Month0%
12 Month-7.54%
2 Year-2.51%
3 Year2.38%
5 Year483.36%
10 Year-89.64%
15 Year-85.4%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.65
RSI(14)42.62
LBB53.61
UBB65.76
NYSEARCA:ERX (3/7/2025, 8:22:11 PM)
56.79
+1.78 (+3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.24%
1 Week-8.12%
2 Weeks-8.15%
1 Month-3.47%
3 Month-9.27%
6 Month0%
12 Month-7.54%
2 Year-2.51%
3 Year2.38%
5 Year483.36%
10 Year-89.64%
15 Year-85.4%
Volatility
ATR(14)2.86
ATR(20)%4.69%
ATR Inc-12.62%
Range Today2.26
ADR(20)2.47
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.46
Mansfield-1.37
10 Day High62.92
10 Day Low52.51
20 Day High64.7
20 Day Low52.51
52 Week High77.52
52 Week Low51.9
CS1 End53.74
CR1 Start59.86
Volume & EV
DER(3)-1.48%
DER(5)-4.62%
Volume382.80K
Volume Incr60.61%
Vol(5)538.40K
Vol(50)423.28K