We assign a technical rating of 0 out of 10 to ERX. ERX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ERX has a poor technical rating and the quality of the setup is also only medium 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
We found 2 important support areas.
- A support zone ranging from 53.31 to 53.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 50.25 to 51.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 55.43 to 56.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @57.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 58.91 to 59.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.86 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 | DOWN | NEGATIVE | The short term trend for ERX is down. |
| ChartMill Relative Strength | 38.17 | NEUTRAL | ERX is not amongst the best or worst performers 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) | 42.45 | NEUTRAL | The RSI value for ERX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests ERX has a negative trend. |
| Stochastics (14,3) | 17.92 | OVERSOLD | The low Stochastics value suggests ERX may be oversold. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ERX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.36 | NEUTRAL | The ADX value for ERX suggests a possible start of a new trend. |
NYSEARCA:ERX (12/19/2025, 8:04:00 PM)
53.83
0 (0%)
DIREXION DAILY ENERGY BULL 2 / ERX FAQ
What is the technical rating for ERX stock?
ChartMill assigns a technical rating of 0 / 10 to ERX.
What is the current trend direction of DIREXION DAILY ENERGY BULL 2 (ERX) stock?
The current trend direction for DIREXION DAILY ENERGY BULL 2 (ERX) is Bearish.
Can you provide the RSI signal for DIREXION DAILY ENERGY BULL 2?
DIREXION DAILY ENERGY BULL 2 (ERX) has an RSI value of 42.4489. This indicates that the stock is currently neutral.
What is the short term momentum for DIREXION DAILY ENERGY BULL 2 (ERX) stock?
The short term momentum for DIREXION DAILY ENERGY BULL 2 (ERX) is negative.
What are the support and resistance levels for DIREXION DAILY ENERGY BULL 2 (ERX) stock?
DIREXION DAILY ENERGY BULL 2 (ERX) has a support level at 53.82 and a resistance level at 55.43. Check the full technical report for our detailed analysis of ERX support and resistance levels.