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ERX
ETF ticker: NYSE ARCA
AS OF
Apr 24 closing price
Price
$48.94
Change
+$1.38 (+2.90%)
Net Assets
199.2M

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

The investment seeks daily investment results of 200% of the daily performance of the Energy Select Sector Index... Show more

Category: #Trading
ERX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for ERX with price predictions
Apr 24, 2025

ERX's RSI Indicator recovers from oversold territory

The RSI Indicator for ERX moved out of oversold territory on April 11, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ERX just turned positive on April 24, 2025. Looking at past instances where ERX's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERX advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .

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 272 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 Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Momentum Indicator moved below the 0 level on April 24, 2025. 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 .

ERX moved below its 50-day moving average on April 03, 2025 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 April 08, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .

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 .

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ERX
Daily Signalchanged days ago
Gain/Loss if bought
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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/
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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%
+2.90%
MLPR - ERX
62%
Loosely correlated
+2.73%
SSO - ERX
62%
Loosely correlated
+4.15%
TQQQ - ERX
50%
Loosely correlated
+8.51%
QLD - ERX
50%
Loosely correlated
+5.69%
SOXL - ERX
47%
Loosely correlated
+16.62%
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