Direxion Daily Energy Bull 2x Etf (ERX) Technical Analysis

$62.59▲-3.4%

Market is closed - opens 8 PM, 09 Dec 2024

Insights

Direxion Daily Energy Bull 2x Etf is currently in a neutral trading position according to technical analysis indicators.
Based on analysis of the Oscillators technical indicator, the current market trend for Direxion Daily Energy Bull 2x Etf stock suggests that it is range bound and no decision can be made based on this information
Based on analysis of the Moving Averages technical indicator, Direxion Daily Energy Bull 2x Etf stock is in a uptrend ↗️
Based on analysis of the Pivot Points, the current market trend for Direxion Daily Energy Bull 2x Etf stock suggests that it is a good time to sell or bad time to initiate a fresh position

Analysis Summary

Oscillators

Sell

Neutral

Buy

Moving Averages

Sell

Neutral

Buy

Pivots

Sell

Neutral

Buy

Oscillators

Name	Value	Action
Relative Strength Index	53.09	Neutral
Stochastic	28.39, 39.07	Neutral
Ultimate Oscillator	42.12	Neutral
Stochastic Relative Strength Index	3.8, 2.53	Buy
Moving Average Convergence Divergence	1.56, 1.81	Sell

Moving Averages

Simple Moving Average

Period (Days)	Value	Action
10	69.48	Buy
20	67.78	Buy
50	64.32	Buy

Exponential Moving Average

Period (Days)	Value	Action
10	68.63	Buy
20	67.56	Buy
50	65.18	Buy

Volume Weighted Moving Average

Period (Days)	Value	Action
10	69.76	Sell
20	67.64	Sell
50	63.99	Neutral

Double Exponential Moving Average

Period (Days)	Value	Action
10	69.24	Sell
20	69.75	Buy
50	67.53	Buy

Triple Exponential Moving Average

Period (Days)	Value	Action
10	68.43	Sell
20	70.06	Buy
50	69.35	Buy

Pivot

Pivot	Value
Resistance L3	70.14
Resistance L2	69.7
Resistance L1	69.31
Pivot Point	68.87
Support L1	68.48
Support L2	68.04
Support L3	67.65

*Disclaimer: The content present here is for informational purposes only, you should not construe any such information or other material as investment advisory.