DIREXION DAILY ENERGY BULL 2 (ERX) Stock Technical Analysis
USA - NYSEARCA:ERX - US25460G6098 - ETF
51.17 USD
-3.08 (-5.68%)
51.17 USD
0 (0%)
Overall ERX gets a technical rating of 1 out of 10. ERX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ERX is a bad performer in the overall market: 85% of all stocks are doing better.
In the last month ERX has a been trading in the 51.10 - 60.96 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
The technical rating of ERX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
49.75
65.90
We found 2 important support areas.
- Support @51.09 from a horizontal line in the daily time frame.
- Support @50.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 54.39 to 56.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.30 from a trend line in the daily time frame.
- Resistance @65.25 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 | NEUTRAL | NEUTRAL | The short term trend for ERX is neutral. |
| ChartMill Relative Strength | 15.91 | NEGATIVE | ERX has a low relative strength, it was outperformed by 84.09% 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) | DOWN | NEGATIVE | The current price of ERX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.5 | NEUTRAL | The RSI value for ERX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ERX has a negative trend. |
| Stochastics (14,3) | 9.28 | OVERSOLD | The low Stochastics value suggests ERX may be oversold. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ERX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | 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)
51.17
-3.08 (-5.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.68%
1 Week-8.3%
2 Weeks-14.45%
1 Month-7.05%
3 Month-9.55%
6 Month13.56%
12 Month-22.36%
2 Year-12.93%
3 Year-27.98%
5 Year504.85%
10 Year-85.18%
15 Year-86.63%
Volatility
ATR(14)2.06
ATR(20)%3.73%
ATR Inc62.88%
Range Today2.89
ADR(20)1.73
ADR(20)%3.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.91
Mansfield-1.7
10 Day High59.11
10 Day Low51.1
20 Day High60.96
20 Day Low51.1
52 Week High72.63
52 Week Low40.6
CS1 End51.09
CR1 Start54.39
Volume & EV
DER(3)-10.62%
DER(5)-8.68%
Volume410.90K
Volume Incr-14.95%
Vol(5)315.92K
Vol(50)352.90K