ERY Direxion Daily Energy Bear 2X ETF Forecast, Technical & Fundamental Analysis

ERY in downward trend: 10-day moving average moved below 50-day moving average on March 21, 2025

The 10-day moving average for ERY crossed bearishly below the 50-day moving average on March 21, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 50-day moving average for ERY moved below the 200-day moving average on March 14, 2025. 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 ERY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ERY broke above its upper Bollinger Band on April 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ERY entered a downward trend on April 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where ERY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on April 03, 2025. You may want to consider a long position or call options on ERY as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ERY just turned positive on April 03, 2025. Looking at past instances where ERY's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

ERY moved above its 50-day moving average on April 03, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERY advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .