Trading Signals: ERX Stock Price Prediction and Forecast

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

Fri. Sep. 16, 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 $54.5100 (-4.28%) ($52.9300 - $56.7800) on Fri. Sep. 16, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.82% (three month average)
RSI   40
Latest Price   $54.5100(-4.28%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX declines -1.1% a day on average for past five trading days.
Weekly Trend   ERX declines -1.2% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support ERX advance at 0% a week (0% probability)
OIH(89%)    IWD(64%)    DIA(59%)    IWM(57%)    IWN(57%)
Factors Impacting ERX price   ERX will decline at least -2.41% in a week (0% probabilities).
UUP(-21%)    VIXM(-16%)    SHY(-13%)    TBT(-6%)    BNDX(-6%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.41% (StdDev 4.82%)
Hourly BBV -1.1 ()
Intraday Trend -4%

Resistance Level   $58.1
5 Day Moving Average   $57.67(-5.48%)
10 Day Moving Average   $56.91(-4.22%)
20 Day Moving Average   $58.1(-6.18%)
To recent high   -13.8%
To recent low   31.5%
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 4.63% (three month std-dev: 4.82%) daily (68% of days).

Sample size 19 Average positive next day return: 1.65%(37%) Average negative next day return: -3.07%(63%) Sample size 19 Average positive next three day return: 4.1%(42%) Average negative next three day return: -7.97%(58%) Sample size 19 Average positive next weekly return: 4.79%(42%) Average negative next weekly return: -10.98%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20221016

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	Sep_16_2022	56.41	58.1	56.91	57.67	57.47	56.35	54.51(-4.28%)	DT	OpenShort	-75	-1.2	-31	-150	-32	-27	2.52	49%	-0.02	27.4	4.82%	-1.1	-1.3	40	0.3
2	Sep_15_2022	56.42	58.24	57.01	58.33	58.61	58.33	56.95(-5.16%)	DT	OpenShort	-75	-0.5	-5	-20	0	-21	1.87	49%	0.07	40.2	4.99%	-1.3	-0.5	41	0.9
3	Sep_14_2022	56.38	58.11	57.09	57.95	58.59	58.59	60.05(5.52%)	N/A	N/A	0	0.8	1	30	11	-29	2.12	51%	0.16	38.7	4.98%	-0	0.7	46	0.9
4	Sep_13_2022	56.29	57.77	56.92	56.87	57.5	58.9	56.91(-5.01%)	DP	OpenShort	-65	0	-3	200	11	-45	2.4	46%	0.11	30.3	4.93%	-1.2	-0.3	44	1.2
5	Sep_12_2022	56.23	57.61	57.49	56.67	56.49	58.6	59.91(3.58%)	N/A	N/A	0	1	18	250	33	-26	1.73	48%	0.09	34.1	5.06%	1.1	0.7	58	0.9

6	Sep_9_2022	56.18	57.38	57.57	56.11	55.78	56.1	57.84(5.05%)	N/A	N/A	0	0.6	9	20	21	-29	2.01	46%	0	40.4	5.05%	1.9	0.1	54	1
7	Sep_8_2022	56.18	57.22	58.02	55.55	55.79	54.39	55.06(0.75%)	DP	OpenShort	-75	-0.2	-21	-160	-15	-39	2.99	45%	-0.11	47.4	5.04%	-0.2	-0.7	49	1.3
8	Sep_7_2022	56.24	57.06	58.7	56.11	55.9	55.45	54.65(-2.24%)	DT	OpenShort	-75	-0.4	-27	-70	-28	-24	2.24	47%	-0.12	50.5	5.04%	-0.9	-0.7	56	1.3
9	Sep_6_2022	56.31	56.89	59.32	56.95	56.76	57.19	55.9(-2.1%)	N/A	N/A	0	-0.3	-3	40	-6	7	2.27	47%	-0.11	50.4	5.1%	-0.4	-0.3	60	1.4
10	Sep_2_2022	56.37	56.57	59.44	58.42	57.46	57.19	57.1(3.76%)	N/A	N/A	0	-0.3	-3	-190	-13	28	2.8	47%	-0.07	47.9	5.06%	0.2	0.1	62	1.6

11	Sep_1_2022	56.41	56.15	59.45	59.28	58.76	56.34	55.03(-4.89%)	CR	SmallShort	-20	-0.9	-25	-310	-43	30	2.49	47%	-0.09	41.9	5.04%	-1.3	-0.2	53	1.5
12	Aug_31_2022	56.46	55.77	59.69	60.84	60.48	58.58	57.86(-1.72%)	N/A	N/A	0	-0.6	-15	-240	-39	56	2.59	47%	0	46	5.03%	-0.8	0.4	60	1.9
13	Aug_30_2022	56.46	55.39	59.35	61.65	61.79	61.18	58.87(-6.91%)	UD	OpenLong	65	-0.6	9	-60	-16	83	3.1	47%	0.04	50.9	5.04%	-1.3	0.7	70	2.1
14	Aug_29_2022	56.44	55.09	58.82	61.97	62.12	62.38	63.24(3.03%)	UT	HoldLong	65	0.3	38	40	14	109	3.54	49%	0.07	59	5.01%	1.4	1.7	81	2.2
15	Aug_26_2022	56.4	54.54	57.81	60.59	61.34	62.39	61.38(-2.34%)	UD	OpenLong	75	0.2	43	160	21	108	1.93	49%	0.07	59.5	5.01%	-0.1	1.5	82	2

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		66.8	5.08%	1.1	1.6	61	-2.2
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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