Taking everything into account, ERX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ERX is only an average performer.
- The long and short term trends are both positive. This is looking good!
- ERX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ERX is lagging the market slightly.
- In the last month ERX has a been trading in the 53.55 - 65.72 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, ERX turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- Volume is considerably higher in the last couple of days.
Although ERX has an excellent technical rating, it does not offer a high 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
50.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.08 to 58.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.31 to 54.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 51.05 to 51.09. 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 63.16 to 64.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ERX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERX is up. |
| ChartMill Relative Strength | 61.59 | NEUTRAL | ERX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ERX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.92 | NEUTRAL | The RSI value for ERX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests ERX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.69 | NEUTRAL | The Stochastics value for ERX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ERX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.57 | POSITIVE | The high ADX value value for ERX suggests a strong trend. |
63.15
+0.19 (+0.3%)
DIREXION DAILY ENERGY BULL 2 / ERX FAQ
What is the technical rating for ERX stock?
ChartMill assigns a technical rating of 8 / 10 to ERX.
Can you provide the trend direction for DIREXION DAILY ENERGY BULL 2?
The current trend direction for DIREXION DAILY ENERGY BULL 2 (ERX) is Bullish.
Can you provide the RSI signal for DIREXION DAILY ENERGY BULL 2?
DIREXION DAILY ENERGY BULL 2 (ERX) has an RSI value of 61.9187. This indicates that the stock is currently neutral.
What is the MACD signal for ERX stock?
The MACD indicator for DIREXION DAILY ENERGY BULL 2 (ERX) has a value of 0.644256, indicating a bearish trend.
Can you provide the short term momentum for DIREXION DAILY ENERGY BULL 2?
The short term momentum for DIREXION DAILY ENERGY BULL 2 (ERX) is positive.