DIREXION DAILY ENERGY BULL 2 (ERX)
US25460G6098 - ETF
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.
In the last month ERX has a been trading in the 65.66 - 77.52 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ERX is one of the better performing stocks in the market, outperforming 84% of all stocks.
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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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
52.57
76.97
3 important support areas can be observed.
- A support zone ranging from 66.79 to 67.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.03 from a horizontal line in the daily time frame.
- Support @53.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 75.79 to 76.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.65
Mansfield0.05
10 Day High74.16
10 Day Low65.66
20 Day High77.52
20 Day Low65.66
52 Week High77.52
52 Week Low48.39
Performance
1 Week-6.79%
2 Weeks-5.5%
1 Month-11.59%
3 Month21.08%
6 Month10.84%
12 Month24.87%
2 Year-3.88%
3 Year155.52%
5 Year-56.7%
10 Year-93.94%
15 Year-81.22%
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)-0.99
RSI(14)40.47
LBB66.13
UBB75.24
DIREXION DAILY ENERGY BULL 2
NYSEARCA:ERX (5/6/2024, 9:38:02 AM)
69.64
+2.26 (+3.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.35%
1 Week-6.79%
2 Weeks-5.5%
1 Month-11.59%
3 Month21.08%
6 Month10.84%
12 Month24.87%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.54
ATR(20)%3.88%
ATR Inc
Range Today1.67
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High74.16
10 Day Low65.66
20 Day High77.52
20 Day Low65.66
52 Week High77.52
52 Week Low48.39
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume182.98K
Volume Incr12.41%
Vol(5)597.20K
Vol(50)550.03K