DIREXION DAILY ENERGY BEAR 2 (ERY) Stock Technical Analysis
NYSEARCA:ERY - NYSE Arca - US25460G1792 - ETF - Currency: USD
Overall ERY gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ERY is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ERY did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ERY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ERY has a been trading in the 20.26 - 31.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ERY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.35. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ERY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.71
27.90
3 important support areas can be observed.
- A support zone ranging from 24.17 to 24.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.04 to 21.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 19.91 to 20.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.35 to 27.62. This zone is formed by a combination of multiple trend lines 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
CRS77.28
Mansfield0.61
10 Day High27.23
10 Day Low24.17
20 Day High31.02
20 Day Low20.26
52 Week High31.02
52 Week Low19.64
Performance
1 Week-8.44%
2 Weeks-9.67%
1 Month15.45%
3 Month0.54%
6 Month-0.08%
12 Month6.91%
2 Year-16.01%
3 Year-54.85%
5 Year-95.92%
10 Year-85.14%
15 Year-99.09%
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)-0.3
RSI(14)48.15
LBB23.2
UBB28.96
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.57 | 24.16 | 1.41 (5.51%) | 18.16% |
| An entry @25.57. This is a Buy Stop order right above the 10 day moving average. | An exit @24.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.41 points, which is 5.51%. | For a 1.00% total portfolio risk, you can invest 18.16% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ERY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.29
-0.33 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.34%
1 Week-8.44%
2 Weeks-9.67%
1 Month15.45%
3 Month0.54%
6 Month-0.08%
12 Month6.91%
2 Year-16.01%
3 Year-54.85%
5 Year-95.92%
10 Year-85.14%
15 Year-99.09%
Volatility
ATR(14)2.18
ATR(20)%9.17%
ATR Inc-78.56%
Range Today0.59
ADR(20)1.94
ADR(20)%8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.28
Mansfield0.61
10 Day High27.23
10 Day Low24.17
20 Day High31.02
20 Day Low20.26
52 Week High31.02
52 Week Low19.64
CS1 End24.28
CR1 Start27.35
Volume & EV
DER(3)3.7%
DER(5)1.15%
Volume204.00K
Volume Incr-50.97%
Vol(5)228.88K
Vol(50)325.76K