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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
$95.26
$0.77(0.81%)
U.S. Market opens in 33h 40m

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 bullish trend on the AMEX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 68.78)
Trend Strength:Moderate (ADX: 25.13)
Volatility:Medium (ATR: 3.28)
Support/Resistance:$71.24 – $97.39 (Bollinger Bands)

Technical conditions suggest Direxion Daily Energy Bull 2X ETF on the AMEX is awaiting a decisive move. Technical conditions suggest Direxion Daily Energy Bull 2X ETF is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 68.78

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 88.65

Bearish
Overbought levels may trigger pullback.

Williams %R: -14.42

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 24.78

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: 2.72

Bullish
Bullish, trend momentum is strengthening.

ADX: 25.13

Moderate
Moderate trend, direction gaining strength.

ATR (14): 3.28

Medium
Medium volatility, healthy price movement.

CCI (14): 125.90

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Direxion Daily Energy Bull 2X ETF shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$97.39
Middle Band (SMA 20)
$84.31
Lower Band
$71.24
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$93.89
Middle Line (EMA 20)
$87.34
Lower Channel
$80.79
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume838.26K
Money Flow Index82.64Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index85.44Bullish, price momentum strongly favors buyers.

Overall Takeaway:ERX shows overheated money flow, with risk of pullback from overbought conditions.

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

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.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Direxion Daily Energy Bull 2X ETF currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(AMEX: ERX) Technical Analysis FAQ