DIREXION DAILY ENERGY BULL 2 (ERX) Stock Technical Analysis
NYSEARCA:ERX - US25460G6098 - ETF
57.46 USD
+0.55 (+0.97%)
56.7234 USD
-0.74 (-1.28%)
Taking everything into account, ERX scores 7 out of 10 in our technical rating. ERX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ERX has a been trading in the 50.06 - 57.81 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 52% of all stocks.
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.
Although ERX has an excellent technical rating, it does not present a decent entry opportunity 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
49.75
66.74
2 important support areas can be observed.
- A support zone ranging from 52.70 to 54.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.25 to 51.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 57.47 to 57.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.49 from a trend line in the daily time frame.
- Resistance @66.08 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ERX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERX is up. |
| ChartMill Relative Strength | 52.12 | 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) | 69.74 | NEUTRAL | The RSI value for ERX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests ERX has a positive trend. |
| Stochastics (14,3) | 95.41 | OVERBOUGHT | The high Stochastics value suggests ERX may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ERX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for ERX suggests a weak or negative trend. |
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)
NYSEARCA:ERX (8/29/2025, 8:18:45 PM)
After market: 56.7234 -0.74 (-1.28%)57.46
+0.55 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.97%
1 Week4.89%
2 Weeks11.12%
1 Month10.56%
3 Month21.27%
6 Month-7.04%
12 Month-10.19%
2 Year-11.23%
3 Year-0.69%
5 Year338.96%
10 Year-82.51%
15 Year-77.36%
Volatility
ATR(14)1.39
ATR(20)%2.63%
ATR Inc-7.06%
Range Today0.97
ADR(20)1.47
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.12
Mansfield-0.82
10 Day High57.81
10 Day Low50.5
20 Day High57.81
20 Day Low50.06
52 Week High72.63
52 Week Low40.6
CS1 End54.2
CR1 Start57.47
Volume & EV
DER(3)1.73%
DER(5)1.41%
Volume384.40K
Volume Incr-8.15%
Vol(5)331.30K
Vol(50)440.14K