Trading Signals: ERX Stock Price Prediction and Forecast

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

Fri. Oct. 21, 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 $66.3700 (5.74%) ($63.1190 - $66.5900) on Fri. Oct. 21, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.73% (three month average)
RSI   74
Latest Price   $66.3700(5.74%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 3.2% a day on average for past five trading days.
Weekly Trend   ERX advances 4.4% 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(88%)    IWD(62%)    DIA(56%)    IWN(54%)    IWM(53%)
Factors Impacting ERX price   ERX will decline at least -2.365% in a week (0% probabilities).
SHY(-21%)    BNDX(-18%)    UUP(-14%)    VIXM(-11%)    TBT(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.365% (StdDev 4.73%)
Hourly BBV 1.8 ()
Intraday Trend 4.8%

5 Day Moving Average   $61.8(7.39%)
10 Day Moving Average   $59.8(10.99%)
20 Day Moving Average   $55.71(19.13%)
To recent high   0%
To recent low   57.2%
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 12.48% (three month std-dev: 4.73%) daily (68% of days).

Sample size 20 Average positive next day return: 6.55%(40%) Average negative next day return: -3.88%(60%) Sample size 20 Average positive next three day return: 11.45%(35%) Average negative next three day return: -10.68%(65%) Sample size 20 Average positive next weekly return: 13.65%(45%) Average negative next weekly return: -12.81%(55%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20221121

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	Oct_21_2022	54.36	55.71	59.8	61.8	62.02	64.06	66.37(5.74%)	UT	OpenLong	75	0.7	51	240	43	73	1.76	63%	-0.11	42.7	4.73%	1.8	1.5	74	0.9
2	Oct_20_2022	54.42	54.6	59.02	59.88	60.48	62.16	62.77(0.3%)	UT	HoldLong	65	0.4	42	220	32	73	2.48	61%	-0.18	29.7	4.72%	0.7	1.3	77	1.4
3	Oct_19_2022	54.52	54	58.7	59.58	59.36	59.99	62.58(5.8%)	UT	OpenLong	75	0.5	43	60	25	98	2.75	63%	-0.13	25.8	4.72%	1.7	1.4	75	0.3
4	Oct_18_2022	54.59	53.43	58.22	58.41	58.68	58.8	59.15(1.77%)	UT	OpenLong	75	0.1	33	30	10	103	1.52	62%	0.07	15.1	4.73%	0.6	1	73	0.6
5	Oct_17_2022	54.55	53.1	57.89	57.75	57.93	58.73	58.12(2.4%)	UT	HoldLong	65	0.1	38	110	9	125	1.29	62%	-0.26	9.6	4.75%	-0.4	0.9	76	0.5

6	Oct_14_2022	54.69	52.89	57.27	57.46	57.16	58.56	56.76(-7.38%)	UD	OpenLong	75	-0.1	46	160	12	148	2	62%	-0.26	4.1	4.76%	-0.6	0.7	77	0.8
7	Oct_13_2022	54.83	52.74	56.33	57.97	57.04	57.13	61.28(8.04%)	UT	HoldLong	65	0.6	53	-40	14	171	3.65	65%	-0.13	3.9	4.68%	1.8	1.5	77	0.2
8	Oct_12_2022	54.9	52.45	54.92	57.75	57.44	55.77	56.72(1.56%)	UD	OpenLong	65	-0.2	24	-220	-20	154	1.25	63%	-0.18	4.4	4.59%	0.6	0.8	58	0.8
9	Oct_11_2022	55	52.55	54	58.04	58.14	56.95	55.85(-1.48%)	UD	OpenLong	65	-0.4	19	-140	-25	149	1.73	63%	-0.16	10.2	4.62%	-1.3	0.6	56	0.6
10	Oct_10_2022	55.09	52.56	52.81	58.02	58.47	59.11	56.69(-4.39%)	UD	OpenLong	75	-0.2	45	100	12	143	1.91	63%	-0.11	10.8	4.62%	-1.7	0.7	54	0.6

11	Oct_7_2022	55.15	52.66	51.41	56.95	57.5	59.34	59.29(-1.51%)	UD	OpenLong	75	0.4	69	250	53	116	2.79	65%	-0.04	7.7	4.59%	-0.1	1.2	55	0.6
12	Oct_6_2022	55.17	52.52	49.89	54.32	55.15	57.82	60.2(3.51%)	UT	OpenLong	75	1.1	64	380	66	57	2.57	65%	-0.04	-3	4.65%	1.3	1.4	56	1.1
13	Oct_5_2022	55.19	52.21	48.87	51.66	52.04	55.66	58.16(4.27%)	UT	OpenLong	75	1.2	55	510	71	7	3.51	61%	-0.13	-19	4.66%	1.4	1.1	50	1.7
14	Oct_4_2022	55.26	51.99	48.1	49.44	49.37	52.49	55.78(8.73%)	RB	SmallLong	20	1.2	51	440	80	-38	2.95	61%	-0.14	-34.1	4.76%	1.4	0.7	43	1.9
15	Oct_3_2022	55.34	51.95	47.72	46.91	47.12	48.41	51.3(11.11%)	N/A	N/A	0	0.8	16	210	52	-92	3.51	59%	-0.18	-51.6	4.68%	1.7	-0.1	42	0.6

16	Sep_30_2022	55.44	52.22	47.94	45.09	45.37	46.25	46.17(-1.51%)	DP	OpenShort	-65	0.2	-28	150	13	-149	1.44	55%	-0.2	-62.5	4.48%	-0	-1.1	28	-0.2
17	Sep_29_2022	55.55	52.69	48.73	44.74	44.62	45.84	46.88(-0.36%)	DP	OpenShort	-65	0.4	-35	180	7	-161	2.07	52%	-0.16	-72.7	4.51%	1.2	-1.1	34	0.8
18	Sep_28_2022	55.64	53.25	49.69	45.67	44.52	44.48	47.05(9.06%)	DP	OpenShort	-75	0.3	-45	-80	-9	-151	2.55	54%	-0.14	-73.5	4.59%	2.2	-1.2	40	0.9
19	Sep_27_2022	55.72	53.85	50.92	46.64	46.31	43.4	43.14(2.2%)	DP	OpenShort	-75	-0.7	-73	-460	-48	-148	3.1	53%	-0.2	-72.2	4.5%	-0.4	-2.1	33	-0
20	Sep_26_2022	55.83	54.87	52.34	48.7	48.83	44.55	42.21(-5.02%)	DT	OpenShort	-75	-1.4	-101	-610	-89	-136	1.23	53%	-0.41	-61.1	4.55%	-1	-2.6	29	0.7

21	Sep_23_2022	56.06	55.87	54.17	51.17	51.33	49.21	44.44(-13.69%)	DT	OpenShort	-75	-1.7	-77	-280	-72	-93	2.02	52%	-0.3	-53.9	4.52%	-1.4	-2.9	30	0.7
22	Sep_22_2022	56.23	56.82	55.59	53.18	53.13	53.12	51.49(-0.81%)	DT	OpenShort	-75	-0.5	-24	-0	-18	-42	1.57	54%	-0.21	-42.8	4.28%	-1.2	-1.6	45	0.7
23	Sep_21_2022	56.35	57.35	56.01	54.28	53.79	53.45	51.91(-2.88%)	DT	OpenShort	-75	-0.8	-20	-70	-16	-32	1.65	57%	-0.11	-23.8	4.42%	-1	-1.7	41	0.8
24	Sep_20_2022	56.41	57.79	56.35	55.9	54.75	53.14	53.45(-2.03%)	DT	OpenShort	-75	-0.8	-26	-270	-26	-24	1.6	57%	-0.02	0.8	4.58%	-0.3	-1.5	41	1.9
25	Sep_19_2022	56.42	57.97	56.63	56.6	56.23	54.13	54.56(0.09%)	DP	OpenShort	-75	-0.7	-39	-280	-40	-35	1.2	57%		13.1	4.61%	-0.4	-1.2	36	1.5
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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