MENU
+Compare
ERX
ETF ticker: NYSE ARCA
AS OF
Dec 20, 04:59 PM (EDT)
Price
$53.24
Change
+$1.00 (+1.91%)
Net Assets
253.63M

ERX Direxion Daily Energy Bull 2X ETF Forecast, Technical & Fundamental Analysis

Category Trading
ERX
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
A.I.Advisor
a Summary for ERX with price predictions
Dec 20, 2024

ERX's RSI Indicator remains in oversold zone for 8 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

ERX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 274 cases where ERX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ERX as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ERX turned negative on November 27, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

ERX moved below its 50-day moving average on December 06, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ERX crossed bearishly below the 50-day moving average on December 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for ERX moved below the 200-day moving average on December 17, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ERX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

View a ticker or compare two or three
ERX
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
Ad is loading...
A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
PAGDX103.482.18
+2.15%
Permanent Portfolio Aggressive Growth A
TWADX7.660.09
+1.19%
American Century Value A
WAIGX20.620.13
+0.63%
Wasatch International Growth Investor
HBLAX14.290.08
+0.56%
Hartford Balanced Income A
PUGCX13.380.01
+0.07%
Putnam Focused International Equity C

ERX and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, ERX has been loosely correlated with MLPR. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if ERX jumps, then MLPR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERX
1D Price
Change %
ERX100%
+1.95%
MLPR - ERX
62%
Loosely correlated
-2.93%
IFED - ERX
40%
Loosely correlated
N/A
FEDL - ERX
36%
Loosely correlated
N/A
SSO - ERX
31%
Poorly correlated
+2.27%
SPXL - ERX
29%
Poorly correlated
+3.31%
More