DIREXION DAILY ENERGY BEAR 2 (ERY) Stock Technical Analysis
USA - NYSEARCA:ERY - US25460G1792 - ETF
22.28 USD
+1.26 (+5.97%)
21.73 USD
-0.55 (-2.47%)
Overall ERY gets a technical rating of 4 out of 10. ERY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
ERY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ERY has a been trading in the 18.73 - 22.28 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ERY outperforms 61% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ERY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.26
26.62
We found 1 important support area.
- A support zone ranging from 20.46 to 20.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 22.79 to 23.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.36 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 ERY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERY is neutral. |
| ChartMill Relative Strength | 61.49 | NEUTRAL | ERY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.5 | NEUTRAL | The RSI value for ERY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ERY has a positive trend. |
| Stochastics (14,3) | 83.23 | OVERBOUGHT | The high Stochastics value suggests ERY may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ERY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.55 | NEGATIVE | The low ADX value for ERY 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)
22.28
+1.26 (+5.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.97%
1 Week8.84%
2 Weeks16.53%
1 Month5.79%
3 Month8.05%
6 Month-17.14%
12 Month2.3%
2 Year-19.04%
3 Year-22.96%
5 Year-96.97%
10 Year-90.27%
15 Year-98.98%
Volatility
ATR(14)0.76
ATR(20)%3.15%
ATR Inc67.43%
Range Today1.13
ADR(20)0.62
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.49
Mansfield-1.08
10 Day High22.28
10 Day Low19.3
20 Day High22.28
20 Day Low18.73
52 Week High31.02
52 Week Low18.73
CS1 End20.69
CR1 Start22.79
Volume & EV
DER(3)3.67%
DER(5)3.88%
Volume748.90K
Volume Incr24.71%
Vol(5)341.70K
Vol(50)254.35K