DIREXION DAILY ENRGY BL2X-UI (ERX) Technical Analysis
NYSEARCA:ERX • US25460G6098
Current stock price
ERX Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ERX. In the last year, ERX was one of the better performers, but we do observe some doubts in the very recent evolution.
- When comparing the yearly performance of all stocks, we notice that ERX is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, ERX also shows a nice and consistent pattern of rising prices.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ERX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERX is lagging the market.
- In the last month ERX has a been trading in the 77.62 - 110.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERX Weekly and Daily overview Charts
ERX Setup Rating and Analysis
Although ERX has an excellent technical rating, the quality of the presented setup is not ideal 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
ERX Support and Resistance Analysis
55.40
When analyzing the support we can see 4 important areas.
- A support zone ranging from 85.31 to 87.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.66 to 83.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.75 from a trend line in the weekly time frame.
- Support @55.96 from a trend line in the daily time frame.
ERX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ERX is down. |
| ChartMill Relative Strength | 90.67 | POSITIVE | ERX has a high relative strength, it outperformed 90.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ERX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.2 | NEUTRAL | The RSI value for ERX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.42 | NEGATIVE | The MACD value suggests ERX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.61 | NEUTRAL | The Stochastics value for ERX is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for ERX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for ERX suggests a strong trend. |
ERX Chart- and CandleStick Pattern Analysis
ERX Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:ERX (4/23/2026, 2:24:47 PM)
88.75
+1.59 (+1.82%)
DIREXION DAILY ENRGY BL2X-UI / ERX TA FAQ
What is the technical rating for ERX stock?
ChartMill assigns a technical rating of 7 / 10 to ERX.
Can you provide the trend direction for DIREXION DAILY ENRGY BL2X-UI?
The current trend direction for DIREXION DAILY ENRGY BL2X-UI (ERX) is Bullish.
What is the RSI signal for ERX stock?
DIREXION DAILY ENRGY BL2X-UI (ERX) has an RSI value of 45.1973. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIREXION DAILY ENRGY BL2X-UI?
The MACD indicator for DIREXION DAILY ENRGY BL2X-UI (ERX) has a value of -1.42213, indicating a bearish trend.
Can you provide the support and resistance levels for DIREXION DAILY ENRGY BL2X-UI?
DIREXION DAILY ENRGY BL2X-UI (ERX) has a support level at 83.73. Check the full technical report for our detailed analysis of ERX support and resistance levels.