Technical Analysis for ERX - Direxion Energy Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 58.97 | -1.42% | -0.85 |
ERX closed down 1.42 percent on Friday, November 1, 2024, on 1.21 times normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Expansion Pivot Sell Setup | Bearish Swing Setup | 0.00% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Outside Day | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | -1.42% | |
| NR7 | Range Contraction | -1.42% | |
| Multiple of Ten Bearish | Other | -1.42% |
| Alert | Time |
|---|---|
| Down 1% | about 21 hours ago |
| Outside Day | about 22 hours ago |
| Fell Below Previous Day's Low | about 22 hours ago |
| Gap Up Closed | about 22 hours ago |
| Reversed from Up | about 22 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Energy Select Sector Index.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Energy Select Sector Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is provided by Standard & Poor's and includes domestic companies from the following industries: oil, gas & consumable fuels; and energy equipment & services. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Leveraged ETF Ultra ETF Energy Equipment Energy Select Sector Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Leveraged ETF Ultra ETF Energy Equipment Energy Select Sector Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 76.5381 |
| 52 Week Low | 48.9881 |
| Average Volume | 418,101 |
| 200-Day Moving Average | 62.76 |
| 50-Day Moving Average | 60.84 |
| 20-Day Moving Average | 62.40 |
| 10-Day Moving Average | 60.67 |
| Average True Range | 1.97 |
| RSI (14) | 40.48 |
| ADX | 11.14 |
| +DI | 23.22 |
| -DI | 25.19 |
| Chandelier Exit (Long, 3 ATRs) | 62.21 |
| Chandelier Exit (Short, 3 ATRs) | 64.52 |
| Upper Bollinger Bands | 67.03 |
| Lower Bollinger Band | 57.77 |
| Percent B (%b) | 0.13 |
| BandWidth | 14.84 |
| MACD Line | -0.60 |
| MACD Signal Line | -0.06 |
| MACD Histogram | -0.5445 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 63.44 | ||||
| Resistance 3 (R3) | 63.90 | 62.88 | 62.70 | ||
| Resistance 2 (R2) | 62.88 | 61.74 | 62.65 | 62.45 | |
| Resistance 1 (R1) | 60.92 | 61.04 | 60.41 | 60.46 | 62.20 |
| Pivot Point | 59.90 | 59.90 | 59.64 | 59.67 | 59.90 |
| Support 1 (S1) | 57.94 | 58.76 | 57.43 | 57.48 | 55.74 |
| Support 2 (S2) | 56.92 | 58.06 | 56.69 | 55.49 | |
| Support 3 (S3) | 54.96 | 56.92 | 55.25 | ||
| Support 4 (S4) | 54.50 |
