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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
$107.38
$0.64(0.59%)
U.S. Market opens in 43h 4m

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 to Bearish Risk (RSI: 72.69)
Trend Strength:Moderate (ADX: 28.23)
Volatility:Medium (ATR: 3.66)
Support/Resistance:$83.19 – $110.77 (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): 72.69

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 87.79

Bearish
Overbought levels may trigger pullback.

Williams %R: -13.28

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 16.93

Strongly Bullish
Strong upside momentum.

Takeaway:Direxion Daily Energy Bull 2X ETF shows overheated momentum, with risk of near-term pullback.

Trend & Volatility

MACD: 5.15

Bullish
Bullish, trend momentum is strengthening.

ADX: 28.23

Moderate
Moderate trend, direction gaining strength.

ATR (14): 3.66

Medium
Medium volatility, healthy price movement.

CCI (14): 98.06

Bullish
Bullish, momentum building upward.

Takeaway:Direxion Daily Energy Bull 2X ETF shows strong upward trend with solid momentum and healthy volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$110.77
Middle Band (SMA 20)
$96.98
Lower Band
$83.19
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
$106.07
Middle Line (EMA 20)
$98.76
Lower Channel
$91.45
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 Volume1.18M
Money Flow Index65.77Bullish, inflows support continued momentum.
Relative Vigor Index66.80Bullish, price momentum strongly favors buyers.

Overall Takeaway:ERX shows bullish money flow, with volume and vigor supporting buyers.

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.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

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