Trading Signals: ERX Stock Price Prediction and Forecast

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

Thu. Aug. 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 $62.8500 (1.52%) ($61.6500 - $63.4400) on Thu. Aug. 25, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.01% (three month average)
RSI   87
Latest Price   $62.8500(1.52%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 2.1% a day on average for past five trading days.
Weekly Trend   ERX advances 8.8% 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(90%)    IWD(62%)    DIA(56%)    IWM(56%)    IWN(56%)
Factors Impacting ERX price   ERX will decline at least -2.505% in a week (0% probabilities).
UUP(-21%)    VIXM(-16%)    SHY(-11%)    EDOC(-7%)    TBT(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.505% (StdDev 5.01%)
Hourly BBV 1.4 ()
Intraday Trend 0.4%

5 Day Moving Average   $59.64(5.38%)
10 Day Moving Average   $57.18(9.92%)
20 Day Moving Average   $54.2(15.96%)
To recent high   -20%
To recent low   51.6%
Market Cap   $N/A

Average daily price decay: -0.03%

$. ERX is a 3x leveraged ETF. You'll lose 0.03% a day on average for holding it.$. ERX price fluctuates within 7.9% (three month std-dev: 5.01%) daily (68% of days).

Sample size 50 Average positive next day return: 4.09%(50%) Average negative next day return: -2.53%(50%) Sample size 50 Average positive next three day return: 6.94%(52%) Average negative next three day return: -4.37%(48%) Sample size 50 Average positive next weekly return: 9.04%(50%) Average negative next weekly return: -5.98%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220925

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	Aug_25_2022	56.36	54.2	57.18	59.64	59.73	61.87	62.85(1.52%)	UT	HoldLong	65	0.8	55	260	33	119	1.97	49%	0.14	67.6	5.01%	1.4	2	87	1.2
2	Aug_24_2022	56.28	53.57	56.3	58.4	58.21	60.3	61.91(2.42%)	UT	HoldLong	65	0.9	67	240	46	130	2.48	49%	0.12	71.9	5.03%	1	2.2	88	1.8
3	Aug_23_2022	56.21	52.97	55.19	56.76	56.86	57.59	60.45(7.26%)	UT	OpenLong	75	1.1	54	100	35	109	3.91	50%	0.09	69.5	5.02%	1.3	2.2	71	2.1
4	Aug_22_2022	56.16	52.35	54.15	55.24	55.3	56.11	56.36(-0.48%)	UD	OpenLong	75	0.4	25	110	8	75	2.75	48%	0	66	4.98%	0	1.3	56	1
5	Aug_19_2022	56.16	51.99	53.39	54.6	54.68	56.14	56.63(-0.05%)	UD	OpenLong	75	0.6	35	190	25	65	2.14	48%	0.02	65.2	4.98%	0.9	1.5	56	-0

6	Aug_18_2022	56.15	51.46	52.54	54.33	53.58	54.49	56.66(5.55%)	UT	OpenLong	75	0.8	25	80	18	44	2.28	46%	-0.02	69.2	4.99%	1.5	1.7	51	-0.7
7	Aug_17_2022	56.16	50.95	51.51	53.91	53.24	53.22	53.68(1.49%)	UT	OpenLong	75	-0.1	13	-40	9	26	2.67	45%	-0.04	79.6	4.97%	0.8	0.9	56	-0.7
8	Aug_16_2022	56.18	50.69	51.12	53.36	53.39	52.66	52.89(-0.49%)	UD	OpenLong	75	-0.2	5	-90	2	15	2.53	46%	-0.05	84	4.98%	-0.2	0.8	56	-1.2
9	Aug_15_2022	56.21	50.42	51.09	52.83	52.68	53.26	53.15(-3.85%)	UD	OpenLong	75	0.1	5	70	1	17	2.37	46%	-0.11	81.1	5.03%	-0.5	0.9	60	-1.5
10	Aug_12_2022	56.27	50.01	51.04	51.9	52.24	54.12	55.28(1.3%)	UT	OpenLong	75	1	37	270	40	29	1.49	49%	-0.02	66.8	5.08%	1.1	1.6	61	-2.2

11	Aug_11_2022	56.28	49.41	50.97	50.44	50.74	52.1	54.57(7.17%)	UT	OpenLong	75	1.2	39	210	41	31	2.84	49%	-0.04	47.9	5.08%	1.5	1.5	66	-1.8
12	Aug_10_2022	56.3	48.76	50.56	48.78	48.96	50.35	50.92(1.39%)	UT	OpenLong	75	0.6	13	210	15	8	2.21	46%	-0.05	28.7	5.01%	0.8	0.6	60	-1.6
13	Aug_9_2022	56.33	48.38	50.53	48.59	48.31	49.39	50.22(3.55%)	UT	OpenLong	75	0.5	11	140	12	9	2.04	42%	-0.11	26.8	5.01%	0.9	0.5	55	-1.2
14	Aug_8_2022	56.39	48.05	50.37	49.15	48.63	47.57	48.5(1.04%)	N/A	N/A	0	-0.2	-5	-180	-10	9	1.93	42%	-0.05	30.2	5.39%	0.8	0.1	54	-1.8
15	Aug_5_2022	56.42	47.89	50.49	50.09	49.8	47.22	48(3.74%)	N/A	N/A	0	-0.6	-27	-380	-42	18	3.3	44%	-0.05	33.7	5.44%	-0.4	0	59	-1.3

16	Aug_4_2022	56.45	47.79	50.36	51.59	51.39	49.69	46.27(-7.37%)	N/A	N/A	0	-1.5	-19	-240	-40	46	3.52	46%	-0.04	44.8	5.43%	-1.6	-0.4	60	-1
17	Aug_3_2022	56.47	47.78	50.49	52.52	53.04	52.38	49.95(-5.84%)	UD	OpenLong	65	-0.7	16	-60	-7	85	2.68	50%	0.02	47.3	5.46%	-1.5	0.6	70	-2.8
18	Aug_2_2022	56.46	47.44	50.36	52.65	52.87	53.1	53.05(-0.21%)	UD	OpenLong	75	0.1	31	40	6	107	2.06	51%	0.02	36.4	5.45%	-0.4	1.5	71	-1.4
19	Aug_1_2022	56.45	46.98	49.8	51.71	52.01	53.69	53.16(-4.27%)	UD	OpenLong	75	0.4	43	240	20	112	2.52	51%	-0.05	23.7	5.47%	0.3	1.7	71	-2.7
20	Jul_29_2022	56.48	46.69	48.97	50.95	51.09	52.63	55.53(9.05%)	UT	OpenLong	75	1.4	62	220	44	114	3.13	50%	-0.02	20.9	5.48%	1.6	2.7	69	-2.8

21	Jul_28_2022	56.49	46.21	47.69	49.03	49.5	50.33	50.92(0.61%)	UT	OpenLong	75	0.7	34	150	20	75	2.57	49%	-0.05	7.9	5.4%	1.4	1.8	61	-1.3
22	Jul_27_2022	56.52	46.07	46.76	48.2	48.4	49.54	50.61(4.67%)	UT	OpenLong	75	1	26	180	17	54	2.54	49%	-0.11	-2	5.46%	2.1	1.8	60	-0.7
23	Jul_26_2022	56.58	46.1	45.99	47.76	47.43	48.68	48.35(-2.03%)	UD	OpenLong	75	0.2	25	160	17	50	2.41	49%	-0.12	-9.3	5.44%	0.3	0.8	64	0.3
24	Jul_25_2022	56.65	46.14	45.48	47.6	46.95	47.27	49.35(7.45%)	UT	OpenLong	75	0.6	27	10	20	47	2.85	47%	-0.09	-9.9	5.43%	1.7	1.2	61	1.4
25	Jul_22_2022	56.7	46.01	45	46.68	46.5	46.19	45.93(-1.75%)	UD	OpenLong	75	-0.3	8	-60	3	21	2.83	44%		-33.3	5.41%	-0.7	-0	45	0.8
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

Click to see actual return for next trading day.