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Direxion Daily Energy Bull 2X ETF

ERX Technical Analysis Summary (AMEX)

Analyze ERX on the AMEX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ERX●AMEX
Financial ServicesAsset Management - Leveraged
$105.58
$10.92(9.37%)
U.S. Market opens in 5h 34m

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 (AMEX)

Direxion Daily Energy Bull 2X ETF (AMEX: ERX) stock currently shows a neutral trend on the AMEX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 38.11)
Trend Strength:Weak (ADX: 19.83)
Volatility:High (ATR: 5.65)
Support/Resistance:$108.95 – $130.99 (Bollinger Bands)

Technical conditions suggest Direxion Daily Energy Bull 2X ETF on the AMEX is awaiting a decisive move. This mix signals that Direxion Daily Energy Bull 2X ETF is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 38.11

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 12.55

Bullish
Oversold zone signals rebound potential.

Williams %R: -88.66

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -9.81

Strongly Bearish
Sharp downside momentum.

Takeaway:Direxion Daily Energy Bull 2X ETF shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 1.94

Bullish
Bullish, trend momentum is strengthening.

ADX: 19.83

Weak
Weak trend, market trading sideways.

ATR (14): 5.65

High
High volatility, wide price fluctuations.

CCI (14): -300.89

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Direxion Daily Energy Bull 2X ETF shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$130.99
Middle Band (SMA 20)
$119.97
Lower Band
$108.95
Current Position
Below Lower Band

Takeaway:Direxion Daily Energy Bull 2X ETF trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$129.25
Middle Line (EMA 20)
$117.96
Lower Channel
$106.66
Squeeze Status
Squeeze On

Takeaway:Direxion Daily Energy Bull 2X ETF trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume1.84M
Money Flow Index44.13Neutral, balanced money flows with no clear signal.
Relative Vigor Index41.40Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:ERX shows balanced money flow with a slight bearish tilt.

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

Bullish Signals

MACD above 0 → bullish trend confirmation.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

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

(AMEX: ERX) Technical Analysis FAQ