Trading Signals: ERX Stock Price Prediction and Forecast

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

Wed. Jul. 26, 2023

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 $61.2200 (-0.46%) ($60.1100 - $61.7400) on Wed. Jul. 26, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.83% (three month average)
RSI   78
Latest Price   $61.2200(-0.46%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 1.7% a day on average for past five trading days.
Weekly Trend   ERX advances 4.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support ERX advance at 0% a week (0% probability)
XLE(99%)    XOP(92%)    OIH(86%)    USO(70%)    VYM(57%)
Factors Impacting ERX price   ERX will decline at least -1.415% in a week (0% probabilities).
VXX(-16%)    UUP(-12%)    VIXM(-10%)    SHY(-9%)    BNDX(-9%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.415% (StdDev 2.83%)
Hourly BBV 0.1 ()
Intraday Trend 1.5%

5 Day Moving Average   $59.96(2.1%)
10 Day Moving Average   $58.07(5.42%)
20 Day Moving Average   $56.51(8.33%)
To recent high   -0.5%
To recent low   25.3%
Market Cap   $N/A

Average daily price decay: -0.01%

$. ERX is a 3x leveraged ETF. You'll lose 0.01% a day on average for holding it.$. ERX price fluctuates within 4.71% (three month std-dev: 2.83%) daily (68% of days).

Sample size 50 Average positive next day return: 1.34%(52%) Average negative next day return: -1.13%(48%) Sample size 50 Average positive next three day return: 2.83%(40%) Average negative next three day return: -2.45%(60%) Sample size 50 Average positive next weekly return: 3.76%(50%) Average negative next weekly return: -3.32%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Jul_26_2023	55.75	56.51	58.07	59.96	60.04	60.87	61.22(-0.46%)	UD	OpenLong	75	0.5	45	100	26	101	0.42	46%	-0.02	86	2.83%	0.1	1.8	78	1.9
2	Jul_25_2023	55.76	56.04	57.75	58.98	59.2	60.54	61.5(1.45%)	UT	OpenLong	75	1	63	170	49	104	0.84	44%	-0.07	78.5	2.85%	1.1	2.1	67	1.2
3	Jul_24_2023	55.8	55.53	57.29	57.84	58.03	59.22	60.62(3.32%)	UT	OpenLong	75	1.2	60	150	50	89	0.77	44%	-0.07	66.2	2.89%	1.1	2.1	63	1.6
4	Jul_21_2023	55.84	54.99	56.71	56.66	56.83	57.86	58.67(1.56%)	UT	OpenLong	75	0.8	43	140	37	61	0.68	41%	-0.09	44.3	2.88%	1.4	1.5	61	1.1
5	Jul_20_2023	55.89	54.59	56.26	55.89	55.93	56.85	57.77(2.56%)	UT	OpenLong	75	0.8	26	120	21	42	0.54	41%	-0.07	28.4	2.88%	1.8	1.3	62	1.4

6	Jul_19_2023	55.93	54.31	55.7	55.93	55.57	55.8	56.33(0.91%)	UT	OpenLong	75	0.2	11	10	3	33	0.71	41%	-0.07	27.2	2.87%	0.7	0.9	61	1.5
7	Jul_18_2023	55.97	54.08	55.52	56.35	56.05	55.01	55.82(1.99%)	N/A	N/A	0	-0.2	-3	-150	-18	44	1.18	41%	-0.11	26.6	2.87%	1.1	0.8	63	1.9
8	Jul_17_2023	56.03	53.99	55.45	56.67	56.81	55.35	54.73(-0.16%)	N/A	N/A	0	-0.8	-13	-170	-36	58	0.66	41%	-0.11	27.9	2.85%	-0.7	0.3	62	1.4
9	Jul_14_2023	56.09	53.96	55.47	56.71	57.26	57.08	54.82(-5.42%)	UD	OpenLong	65	-0.8	11	10	-15	87	0.99	41%	-0.12	25.1	2.87%	-1.6	0.4	67	1.2
10	Jul_13_2023	56.16	53.92	55.38	56.59	56.86	58.27	57.96(-0.8%)	UD	OpenLong	75	0.6	64	190	44	124	1.21	44%	-0.04	26.2	2.79%	0.3	1.7	73	1

11	Jul_12_2023	56.18	53.69	54.87	55.39	55.59	57.43	58.43(1.79%)	UT	OpenLong	75	1.4	74	240	62	108	1.06	44%	-0.04	15.8	2.79%	1	2.2	66	1.1
12	Jul_11_2023	56.2	53.48	54.2	54.59	54.14	55.45	57.4(4.48%)	UT	OpenLong	75	1.6	52	140	41	85	1.07	44%	0.04	10.9	2.78%	1.7	2.2	66	-0.3
13	Jul_10_2023	56.18	53.35	53.61	54.13	53.74	53.75	54.94(1.37%)	UT	OpenLong	75	0.5	26	-20	15	57	0.66	41%	-0.12	20.6	2.73%	1	1	51	-0.5
14	Jul_7_2023	56.25	53.38	53.12	54.11	53.91	52.82	54.2(4.31%)	N/A	N/A	0	0.1	-8	-150	-20	27	1.74	41%	-0.21	42.1	2.73%	1.3	0.5	49	-0.3
15	Jul_6_2023	56.37	53.32	52.78	54	54.34	53.72	51.96(-4.59%)	N/A	N/A	0	-1.3	-20	-60	-29	8	1.36	37%	-0.28	45.7	2.69%	-1.2	-0.9	42	-0.6

16	Jul_5_2023	56.53	53.36	52.82	54.2	54.55	55	54.46(-1.13%)	UD	OpenLong	75	0.2	18	80	15	25	1.37	40%	-0.49	48.9	2.66%	-0.9	0.7	52	0.9
17	Jul_3_2023	56.81	53.28	52.54	53.69	53.9	54.96	55.08(0.44%)	UT	OpenLong	75	0.8	29	150	35	9	0.45	45%	-0.28	44.8	2.7%	0	1.1	49	1.2
18	Jun_30_2023	56.97	53.03	52.4	52.99	53.03	54.11	54.84(2.22%)	RB	SmallLong	20	1.2	32	140	45	-7	0.7	45%	-0.18	22.7	2.93%	1.3	1.1	45	1
19	Jun_29_2023	57.07	52.75	52.29	51.99	52.06	52.84	53.65(1.28%)	N/A	N/A	0	1	15	110	33	-39	0.66	45%	-0.23	-7.5	2.92%	1.5	0.5	38	1
20	Jun_28_2023	57.2	52.6	52.32	51.4	51.11	51.95	52.97(2.06%)	DP	OpenShort	-65	0.8	-1	100	17	-55	0.71	45%	-0.24	-19.6	2.94%	1.8	0.2	50	1.2

21	Jun_27_2023	57.34	52.54	52.38	51.25	51.11	51.27	51.9(0.56%)	DP	OpenShort	-65	0.3	-1	40	17	-54	0.45	48%	-0.21	-23.9	2.95%	0.9	-0.3	50	1.1
22	Jun_26_2023	57.46	52.56	52.66	51.23	50.75	50.27	51.61(3.57%)	DP	OpenShort	-75	0.2	-22	-90	-10	-59	0.63	48%	-0.21	-24.1	3%	1.7	-0.5	47	1
23	Jun_23_2023	57.58	52.68	53.04	51.75	51.14	50.23	49.83(-1.68%)	DT	OpenShort	-75	-1	-41	-160	-40	-45	0.5	46%	-0.26	-11.3	2.96%	-1.1	-1.4	54	1.1
24	Jun_22_2023	57.73	52.87	53.67	52.63	52.33	51.24	50.68(-2.99%)	N/A	N/A	0	-1	-23	-160	-31	2	0.39	43%	-0.29	10.4	2.98%	-1.3	-1.2	61	1.4
25	Jun_21_2023	57.9	52.98	53.95	53.35	53.12	52.05	52.24(0.83%)	N/A	N/A	0	-0.6	-20	-150	-35	24	0.43	49%		22.9	3%	-0.2	-0.4	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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