DIREXION DAILY ENERGY BEAR 2 (ERY) Stock Technical Analysis
NYSEARCA:ERY - NYSE Arca - US25460G1792 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to ERY. Both in the recent history as in the last year, ERY has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month ERY has a been trading in the 24.17 - 31.02 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ERY did better than 77% of all other stocks.
ERY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Besides having an excellent technical rating, ERY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.62, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.71
27.90
We found 3 important support areas.
- A support zone ranging from 23.97 to 24.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.05 to 21.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 19.91 to 20.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.78 to 26.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.35 to 27.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.68
Mansfield0.54
10 Day High27.06
10 Day Low24.17
20 Day High31.02
20 Day Low24.17
52 Week High31.02
52 Week Low19.64
Performance
1 Week0.85%
2 Weeks-1.35%
1 Month5.79%
3 Month2.77%
6 Month2.14%
12 Month9.29%
2 Year-30.14%
3 Year-35.2%
5 Year-95.33%
10 Year-86.91%
15 Year-99.31%
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)-0.19
RSI(14)49.94
LBB23.78
UBB27.12
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.09 | 24.16 | 1.93 (7.40%) | 13.52% |
| An entry @26.09. This is a Buy Stop order right above the resistance zone. | An exit @24.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.93 points, which is 7.40%. | When investing 13.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.83
-0.73 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.86%
1 Week0.85%
2 Weeks-1.35%
1 Month5.79%
3 Month2.77%
6 Month2.14%
12 Month9.29%
2 Year-30.14%
3 Year-35.2%
5 Year-95.33%
10 Year-86.91%
15 Year-99.31%
Volatility
ATR(14)1.27
ATR(20)%8.9%
ATR Inc-26.1%
Range Today1.11
ADR(20)1.97
ADR(20)%7.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.68
Mansfield0.54
10 Day High27.06
10 Day Low24.17
20 Day High31.02
20 Day Low24.17
52 Week High31.02
52 Week Low19.64
CS1 End24.62
CR1 Start25.78
Volume & EV
DER(3)-7.25%
DER(5)1.04%
Volume268.00K
Volume Incr-37.5%
Vol(5)291.54K
Vol(50)334.94K