Trading Signals: ERX Stock Price Prediction and Forecast

^ ERX: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. May. 25, 2022

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 $68.3100 (3.93%) ($65.9400 - $68.5500) on Wed. May. 25, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.57% (three month average)
RSI   60
Latest Price   $68.3100(3.93%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 2% a day on average for past five trading days.
Weekly Trend   ERX advances 5.5% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support ERX advance at 0% a week (0% probability)
OIH(91%)    XLE(63%)    IWD(60%)    XOP(60%)    IFRA(56%)
Factors Impacting ERX price   ERX will decline at least -2.285% in a week (0% probabilities).
UUP(-22%)    VIXM(-21%)    SHY(-12%)    BNDX(-9%)    VXX(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.285% (StdDev 4.57%)
Hourly BBV 1.8 ()
Intraday Trend 3.5%

5 Day Moving Average   $64.54(5.84%)
10 Day Moving Average   $63.24(8.02%)
20 Day Moving Average   $60.48(12.95%)
To recent high   0%
To recent low   51.8%
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 7.61% (three month std-dev: 4.57%) daily (68% of days).

Sample size 50 Average positive next day return: 3.76%(56%) Average negative next day return: -1.91%(44%) Sample size 50 Average positive next three day return: 7.69%(52%) Average negative next three day return: -3.44%(48%) Sample size 50 Average positive next weekly return: 7.76%(46%) Average negative next weekly return: -5.31%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220625

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	May_25_2022	51.18	60.48	63.24	64.54	64.54	65.91	68.31(3.93%)	UT	OpenLong	75	0.8	49	150	36	87	3.37	56%	0.71	63.2	4.57%	1.8	1.7	60	1.7
2	May_24_2022	50.82	59.7	62.03	63.26	62.93	64.41	65.73(0.78%)	UT	OpenLong	75	0.5	25	150	16	52	2.92	56%	0.69	46.9	4.59%	1.2	1.3	55	2.1
3	May_23_2022	50.47	58.98	60.96	63.16	62.69	63.17	65.22(5.19%)	UT	OpenLong	75	0.4	26	30	19	47	4.74	56%	0.72	36.2	4.61%	1.5	1.4	61	2.2
4	May_20_2022	50.11	58.28	59.84	62.87	62.92	61.46	62(0.94%)	UD	OpenLong	65	-0.2	3	-160	-7	33	3.78	55%	0.66	24.6	4.57%	-0.7	0.8	62	2
5	May_19_2022	49.78	57.92	60	62.59	63.05	62.2	61.42(-0.82%)	UD	OpenLong	65	-0.3	1	-70	-15	50	3.89	55%	0.65	17.3	4.6%	-0.2	0.8	63	1.7

6	May_18_2022	49.46	57.71	59.92	61.63	62.74	64.38	61.93(-5.07%)	UD	OpenLong	75	0.1	36	240	26	65	3.58	55%	0.67	8.6	4.64%	-2	1	59	2
7	May_17_2022	49.13	57.64	59.94	60.49	60.75	63.9	65.24(2.32%)	UT	OpenLong	75	1.1	66	380	59	86	4.32	56%	0.72	4.6	4.58%	0.9	1.8	66	1.8
8	May_16_2022	48.78	57.36	59.17	58.41	58.76	61.1	63.76(5.25%)	UT	OpenLong	75	1.3	69	300	66	77	4.6	56%	0.33	-4.2	4.58%	1.2	1.6	67	2.4
9	May_13_2022	48.62	57.22	58.26	56.41	56.85	57.6	60.58(6.92%)	UT	OpenLong	75	1.1	17	120	10	38	4.81	53%	0.66	-16.1	4.54%	1.3	0.9	65	1.6
10	May_12_2022	48.3	57.19	57.54	57.18	56.37	56.41	56.66(0.8%)	N/A	N/A	0	-0.1	-2	-40	-15	37	4.49	51%	0.6	-6.6	4.5%	-0.3	-0.1	55	1.6

11	May_11_2022	48.01	57.34	57.51	58.03	58.16	56.11	56.21(2.54%)	N/A	N/A	0	-0.5	-3	-240	-19	45	7.42	53%	0.59	4.7	4.53%	0.5	-0.3	50	1.8
12	May_10_2022	47.73	57.44	57.22	59.32	59.27	56.33	54.82(1.9%)	N/A	N/A	0	-1.1	-36	-350	-57	29	2.94	53%	0.61	18	4.58%	-0.8	-0.7	44	2.4
13	May_9_2022	47.44	57.54	56.95	59.94	60.78	60.21	53.8(-16.46%)	N/A	N/A	0	-1.6	-9	-20	-22	31	3.55	53%	0.55	22.7	4.58%	-1.8	-1	43	2
14	May_6_2022	47.18	57.86	56.79	60.14	60.51	62.22	64.4(5.7%)	UT	OpenLong	75	1.1	46	220	47	41	5.41	57%	0.79	29.2	4.02%	1.6	1.7	51	1.4
15	May_5_2022	46.81	57.44	55.75	57.91	58.18	61.34	60.93(-2.76%)	N/A	N/A	0	0.9	39	390	53	-4	3.94	56%	0.71	15.6	4%	0.5	1	50	1.7

16	May_4_2022	46.48	57.16	55.33	56.92	56.47	58.8	62.66(8.17%)	N/A	N/A	0	1.7	54	270	77	-15	15.96	56%	0.74	6	4.01%	1.9	1.6	53	1
17	May_3_2022	46.14	56.74	55.06	54.95	54.81	55.02	57.93(5.71%)	N/A	N/A	0	0.9	11	20	33	-56	11.32	53%	0.65	-11.8	3.9%	1.5	0.4	50	-0.9
18	May_2_2022	45.84	56.67	55.28	53.61	53.72	54.14	54.8(2.99%)	DP	OpenShort	-65	0.4	-17	60	4	-78	17.02	51%	0.53	-22.7	3.86%	-0.2	-0.6	49	-0.1
19	Apr_29_2022	45.6	56.76	55.96	52.89	53.36	54.61	53.21(-5.02%)	DP	OpenShort	-65	0.1	-3	190	22	-76	11.05	53%	0.53	-32.5	3.87%	-0.6	-1.1	40	0.2
20	Apr_28_2022	45.36	56.9	56.69	53.22	52.26	53.29	56.02(6.16%)	DP	OpenShort	-65	0.9	-12	80	8	-70	12.96	55%	0.55	-32.2	3.84%	2.4	-0.3	50	0.8

21	Apr_27_2022	45.11	56.95	57.06	53.53	52.74	52.12	52.77(2.97%)	DP	OpenShort	-75	-0.2	-32	-130	-20	-68	17.06	53%	0.51	-28.9	3.78%	0.8	-1.3	48	0.4
22	Apr_26_2022	44.88	57.13	57.65	55.27	54.69	51.23	51.25(0.06%)	DP	OpenShort	-75	-1.3	-62	-470	-65	-53	6.87	53%	0.49	-12.6	3.77%	-0.3	-2	47	1.4
23	Apr_25_2022	44.66	57.41	58.26	57.23	57	53.37	51.22(-6.58%)	DT	OpenShort	-75	-2.2	-89	-460	-105	-40	8.05	56%	0.52	7	3.77%	-0.9	-2.3	44	1.9
24	Apr_22_2022	44.43	57.82	59.2	59.42	59.71	58.15	54.83(-4.74%)	N/A	N/A	0	-2	-35	-170	-54	23	9.24	59%	0.59	50.8	3.74%	-1.6	-1.3	50	1.1
25	Apr_21_2022	44.17	57.93	59.47	60.58	61.04	60.63	57.56(-6.39%)	UD	OpenLong	65	-1.4	6	-20	-13	64	7.25	59%		78.4	3.71%	-2.9	-0.2	57	1.3
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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