Technical Analysis for ERX - Direxion Energy Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
16.97 | -6.91% | -1.26 |
ERX closed down 6.91 percent on Tuesday, December 18, 2018, on 2.06 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| See historical ERX trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Dec 18 | New 52 Week Closing Low | Bearish | 0.00% |
| Dec 18 | Lower Bollinger Band Walk | Weakness | 0.00% |
| Dec 18 | New 52 Week Low | Weakness | 0.00% |
| Dec 18 | Wide Bands | Range Expansion | 0.00% |
| Dec 18 | Below Lower BB | Weakness | 0.00% |
| Dec 18 | Down 3 Days in a Row | Weakness | 0.00% |
| Dec 18 | Lower Bollinger Band Touch | Weakness | 0.00% |
| Dec 18 | Oversold Stochastic | Weakness | 0.00% |
| Dec 17 | New 52 Week Closing Low | Bearish | -6.91% |
| Dec 17 | Lower Bollinger Band Walk | Weakness | -6.91% |
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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.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more ERX news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 44.29 |
| 52 Week Low | 16.67 |
| Average Volume | 2,800,294 |
| 200-Day Moving Average | 32.9008 |
| 50-Day Moving Average | 25.859 |
| 20-Day Moving Average | 21.783 |
| 10-Day Moving Average | 20.27 |
| Average True Range | 1.8415 |
| ADX | 35.04 |
| +DI | 16.8505 |
| -DI | 41.651 |
| Chandelier Exit (Long, 3 ATRs ) | 20.0855 |
| Chandelier Exit (Short, 3 ATRs ) | 22.1945 |
| Upper Bollinger Band | 25.9383 |
| Lower Bollinger Band | 17.6277 |
| Percent B (%b) | -0.08 |
| BandWidth | 38.15177 |
| MACD Line | -2.0723 |
| MACD Signal Line | -1.8037 |
| MACD Histogram | -0.2686 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 19.49 | ||||
| Resistance 3 (R3) | 19.67 | 19.01 | 19.07 | ||
| Resistance 2 (R2) | 19.01 | 18.37 | 18.92 | 18.93 | |
| Resistance 1 (R1) | 17.99 | 17.97 | 17.66 | 17.81 | 18.79 |
| Pivot Point | 17.33 | 17.33 | 17.17 | 17.24 | 17.33 |
| Support 1 (S1) | 16.31 | 16.69 | 15.98 | 16.13 | 15.15 |
| Support 2 (S2) | 15.65 | 16.29 | 15.56 | 15.01 | |
| Support 3 (S3) | 14.63 | 15.65 | 14.87 | ||
| Support 4 (S4) | 14.45 |
