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Direxion Daily Energy Bull 2X Shares

ERX•AMEX
Financial Services
Asset Management - Leveraged
$83.31
$-0.55(-0.66%)
U.S. Market is Open • 12:28

Direxion Daily Energy Bull 2X Shares (ERX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Direxion Daily Energy Bull 2X Shares (AMEX:ERX).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ERX Technical Analysis Summary

Direxion Daily Energy Bull 2X Shares stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 67.77)
Trend Strength:Very Strong (ADX: 52.34)
Volatility:Medium (ATR: 3.04)
Support/Resistance:$64.67 – $87.40 (Bollinger Bands)

This mix signals that Direxion Daily Energy Bull 2X Shares is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 67.77

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 86.77

Bearish
Overbought levels may trigger pullback.

Williams %R: -18.26

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 14.75

Strongly Bullish
Strong upside momentum.

Takeaway:Direxion Daily Energy Bull 2X Shares shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 5.18

Bullish
Bullish, trend momentum is strengthening.

ADX: 52.34

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 3.04

Medium
Medium volatility, healthy price movement.

CCI (14): 78.24

Bullish
Bullish, momentum building upward.

Takeaway:Direxion Daily Energy Bull 2X Shares shows strong upward trend with solid momentum and healthy volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$87.40
Middle Band (SMA 20)
$76.03
Lower Band
$64.67
Current Position
Within Bands

Takeaway:Direxion Daily Energy Bull 2X Shares trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$82.51
Middle Line (EMA 20)
$76.44
Lower Channel
$70.36
Squeeze Status
No Squeeze

Takeaway:Direxion Daily Energy Bull 2X Shares trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume5.22M
Money Flow Index58.10Neutral, balanced money flows with no clear signal.
Relative Vigor Index61.05Bullish, price momentum strongly favors buyers.

Overall Takeaway:ERX shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Direxion Daily Energy Bull 2X Shares, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Direxion Daily Energy Bull 2X Shares are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ