Trading Signals: ERX Stock Price Prediction and Forecast

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Fri. Mar. 12, 2021

Trading Signals: ERX Stock Price Prediction and Forecast (Thu. Nov. 6, 2008 - Fri. Dec. 22, 2023)

(Direxion Daily Energy Bull 3X ETF)
ERX latest price $27.9500 (0.43%) ($27.5100 - $28.4200) on Fri. Mar. 12, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.23% (three month average)
RSI   73
Latest Price   $27.9500(0.43%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 0.4% a day on average for past five trading days.
Weekly Trend   ERX advances 8.6% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support ERX advance at 0% a week (0% probability)
OIH(91%)    XLE(80%)    XOP(75%)    IWD(58%)    IFRA(56%)
Factors Impacting ERX price   ERX will decline at least -2.115% in a week (0% probabilities).
VIXM(-27%)    UUP(-19%)    TLT(-12%)    SHY(-10%)    BNDX(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.115% (StdDev 4.23%)
Hourly BBV 0 ()
Intraday Trend 0.1%

5 Day Moving Average   $27.47(1.75%)
10 Day Moving Average   $26.28(6.35%)
20 Day Moving Average   $24.23(15.35%)
To recent high   0%
To recent low   98.5%
Market Cap   $N/A

Average daily price decay: -0.02%

$. ERX is a 3x leveraged ETF. You'll lose 0.02% a day on average for holding it.$. ERX price fluctuates within 11.06% (three month std-dev: 4.23%) daily (68% of days).

Sample size 32 Average positive next day return: 2.89%(47%) Average negative next day return: -2.4%(53%) Sample size 32 Average positive next three day return: 6.26%(50%) Average negative next three day return: -10.97%(50%) Sample size 32 Average positive next weekly return: 9.4%(50%) Average negative next weekly return: -15.16%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210412

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Mar_12_2021	16.63	24.23	26.28	27.47	27.51	28.01	27.95(0.43%)	UT	OpenLong	75	0.2	38	130	8	126	4.35	70%	1.16	87.5	4.23%	0	1.4	73	1.8
2	Mar_11_2021	16.44	23.79	25.77	27.35	27.4	27.6	27.83(0.22%)	UT	HoldLong	65	0.2	48	60	17	140	4.75	70%	1.23	88.6	4.26%	0.6	1.5	76	1.5
3	Mar_10_2021	16.24	23.37	25.36	26.88	27.09	27	27.77(5.31%)	UT	HoldLong	65	0.3	47	0	14	147	7.2	70%	1.18	90.4	4.28%	1.4	1.6	78	1.2
4	Mar_9_2021	16.05	22.93	25.03	26.17	26.61	27.2	26.37(-3.83%)	UD	OpenLong	75	0.1	48	210	15	147	5.81	68%	1.13	91.2	4.3%	-1.2	1.3	69	1.2
5	Mar_8_2021	15.87	22.57	24.71	25.62	25.98	27.19	27.42(0.15%)	UT	OpenLong	75	0.7	65	370	34	156	8.38	68%	1.21	94.3	4.25%	1	1.9	75	0.4

6	Mar_5_2021	15.68	22.09	24.19	24.91	25.07	26.02	27.38(7.63%)	UT	HoldLong	65	1	67	280	38	153	11.85	68%	1.16	95	4.29%	1.7	2.1	77	0.6
7	Mar_4_2021	15.5	21.59	23.54	23.97	24.35	24.78	25.44(4.86%)	UT	HoldLong	65	0.6	47	170	19	129	11.39	69%	1.11	92.1	4.24%	0.9	1.6	76	-0.4
8	Mar_3_2021	15.33	21.18	23.03	23.64	23.7	24.12	24.26(2.84%)	UT	OpenLong	75	0.3	28	130	0	113	8.17	68%	0.99	91.7	4.41%	1	1.3	70	0.3
9	Mar_2_2021	15.18	20.76	22.73	23.74	23.72	23.92	23.59(-1.13%)	UD	OpenLong	75	-0.1	42	60	9	141	5.01	70%	0.93	87.8	4.4%	0.3	1.1	71	1
10	Mar_1_2021	15.04	20.37	22.44	23.65	23.77	23.27	23.86(5.2%)	UT	OpenLong	75	0.1	41	-130	5	147	5.62	70%	1.01	79.9	4.45%	0.4	1.3	69	1

11	Feb_26_2021	14.89	19.94	22.02	23.35	23.43	23.52	22.68(-4.71%)	UD	OpenLong	75	-0.3	37	40	-0	146	8.91	62%	0.88	70.6	4.61%	-1	1	72	0.5
12	Feb_25_2021	14.76	19.63	21.68	23	23.26	24.27	23.8(-3.95%)	UD	OpenLong	75	0.3	63	340	30	161	10.9	64%	1.03	64.2	4.59%	-0.1	1.6	77	0.2
13	Feb_24_2021	14.61	19.23	21.26	22.29	22.31	23.34	24.78(7.23%)	UT	HoldLong	65	1	63	330	32	154	9.41	67%	1.11	52.5	4.61%	1.5	2.1	83	1.4
14	Feb_23_2021	14.45	18.8	20.65	21.58	21.44	22.26	23.11(3.22%)	UT	HoldLong	65	0.7	54	250	23	147	8.37	69%	0.98	44.9	4.69%	1.2	1.9	84	1.3
15	Feb_22_2021	14.31	18.48	20.26	21.08	21.05	21.28	22.39(6.92%)	UT	HoldLong	65	0.6	51	70	19	148	6.28	69%	0.99	40.5	4.99%	1.4	1.9	84	1.1

16	Feb_19_2021	14.17	18.22	19.8	20.53	20.72	20.63	20.94(3.41%)	UT	HoldLong	65	0.2	43	-0	8	146	4.73	67%	0.93	31.2	4.94%	0.9	1.5	82	1.5
17	Feb_18_2021	14.04	18.05	19.47	20.15	20.35	20.63	20.25(-4.53%)	UD	OpenLong	75	0.1	40	190	5	143	4.72	67%	0.79	24.8	4.94%	-1.6	1.3	71	1.3
18	Feb_17_2021	13.93	17.96	19.17	20.03	19.98	20.82	21.21(2.86%)	UT	HoldLong	65	0.7	55	290	21	158	6.38	67%	0.94	24.2	4.96%	1.2	1.9	77	1.4
19	Feb_16_2021	13.8	17.82	18.64	19.57	19.55	19.89	20.62(5.15%)	UT	OpenLong	75	0.7	47	120	16	139	6.76	71%	1.1	22	4.95%	1.4	1.9	72	1.2
20	Feb_12_2021	13.65	17.68	18.14	19.32	19.11	19.13	19.61(2.89%)	UT	OpenLong	75	0.2	34	-30	7	114	4.85	68%	0.81	22.6	5.21%	1	1.4	62	1.5

21	Feb_11_2021	13.54	17.66	17.71	18.97	19.04	19.2	19.06(-2.95%)	UD	OpenLong	75	0.1	29	70	9	88	4.83	68%	0.67	23.8	5.3%	-0.6	1	57	1.3
22	Feb_10_2021	13.45	17.62	17.44	18.66	18.76	19.09	19.64(3.86%)	UT	OpenLong	75	0.7	29	140	15	72	5.22	69%	0.75	24.7	5.28%	1.4	1.5	59	1
23	Feb_9_2021	13.35	17.57	17.06	18.17	18.27	18.89	18.91(-2.32%)	UD	OpenLong	75	0.6	25	250	20	38	4.24	74%	0.6	26.3	5.32%	0.6	1	47	1.1
24	Feb_8_2021	13.27	17.5	16.8	17.56	17.7	18.44	19.36(8.4%)	UT	OpenLong	75	1.4	19	320	24	3	6.25	74%	0.61	25.1	6.34%	1.7	1.5	50	1.1
25	Feb_5_2021	13.19	17.38	16.54	16.79	17.01	17.66	17.86(1.77%)	N/A	N/A	0	0.9	7	310	19	-28	3.64	71%		19	6.32%	0.8	0.4	48	1.1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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