Trading Signals: ERX Stock Price Prediction and Forecast

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

Fri. Jan. 15, 2021

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 $18.1200 (-7.97%) ($17.7600 - $18.9650) on Fri. Jan. 15, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   6.43% (three month average)
RSI   74
Latest Price   $18.1200(-7.97%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 1.1% a day on average for past five trading days.
Weekly Trend   ERX advances 13.8% 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(91%)    XLE(81%)    XOP(76%)    IWD(58%)    IFRA(57%)
Factors Impacting ERX price   ERX will decline at least -3.215% in a week (0% probabilities).
VIXM(-27%)    UUP(-19%)    TLT(-13%)    VXX(-10%)    SHY(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -3.215% (StdDev 6.43%)
Hourly BBV -1.3 ()
Intraday Trend -4.4%

Inflection Point   Yes
5 Day Moving Average   $18.58(-2.48%)
10 Day Moving Average   $17.48(3.66%)
20 Day Moving Average   $16.1(12.55%)
To recent high   -8%
To recent low   129.4%
Market Cap   $N/A

Average daily price decay: -0.04%

$. ERX is a 3x leveraged ETF. You'll lose 0.04% a day on average for holding it.$. ERX price fluctuates within 11.24% (three month std-dev: 6.43%) daily (68% of days).

Sample size 2 Average positive next day return: 0%(0%) Average negative next day return: -9.75%(100%) Sample size 2 Average positive next three day return: 1.53%(50%) Average negative next three day return: -18.79%(50%) Sample size 2 Average positive next weekly return: 0%(0%) Average negative next weekly return: -10.87%(100%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210215

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	Jan_15_2021	12.46	16.1	17.48	18.58	18.75	18.91	18.12(-7.97%)	UD	OpenLong	75	-0.3	36	90	4	130	5.16	68%	0.4	39.8	6.43%	-1.3	1.1	74	0.7
2	Jan_14_2021	12.41	15.98	17.12	18.38	18.37	19.04	19.69(6.03%)	UT	HoldLong	65	0.8	45	250	15	133	5.32	71%	0.57	37.7	6.33%	1.7	2.1	82	1.2
3	Jan_13_2021	12.34	15.78	16.6	17.87	17.85	18.58	18.57(-1.75%)	UD	OpenLong	75	0.5	43	280	16	124	3.45	71%	0.41	34.2	6.3%	-0.2	1.9	82	1.4
4	Jan_12_2021	12.29	15.61	16.16	17.49	17.43	17.71	18.9(7.2%)	UT	HoldLong	65	1.1	42	100	19	112	5.84	71%	0.33	30.1	6.31%	-0.1	2.5	77	1.1
5	Jan_11_2021	12.25	15.47	15.69	16.85	16.93	17.11	17.63(3.1%)	UT	OpenLong	75	0.7	32	90	14	85	3.89	69%	0.41	21.6	6.26%	-0.2	2	65	0.2

6	Jan_8_2021	12.2	15.42	15.36	16.2	16.54	17.15	17.1(-0.23%)	UD	OpenLong	75	0.9	28	320	18	56	4.52	71%	0.25	16.2	6.28%	0.6	1.7	57	1.6
7	Jan_7_2021	12.17	15.35	15.1	15.65	15.85	16.74	17.14(2.88%)	UT	OpenLong	75	1.5	23	430	20	30	4.66	71%	0.33	8.5	6.33%	1.1	1.8	56	1.5
8	Jan_6_2021	12.13	15.28	14.78	15.15	15.2	15.92	16.66(6.11%)	UT	OpenLong	75	1.7	16	340	21	1	6.86	71%	0.17	6	6.33%	1	1.5	52	-0.4
9	Jan_5_2021	12.11	15.21	14.56	14.65	14.7	14.96	15.7(9.03%)	N/A	N/A	0	1.2	2	130	11	-25	6.75	72%	0.08	1.2	6.32%	1.4	0.6	51	-0.5
10	Jan_4_2021	12.1	15.23	14.49	14.37	14.43	14.47	14.4(0.35%)	DP	OpenShort	-75	0	-12	30	-0	-47	6.11	70%	-0.33	-0.9	6.27%	-0.6	-1	31	-1.6

11	Dec_31_2020	12.14	15.26	14.61	14.39	14.44	14.43	14.35(-1.85%)	DT	OpenShort	-75	-0	-15	10	-1	-55	3.03	68%	-0.08	-3.9	6.27%	0.2	-1.1	28	1.2
12	Dec_30_2020	12.15	15.27	14.76	14.46	14.48	14.39	14.62(3.25%)	DP	OpenShort	-65	0.2	-12	-40	2	-52	2.83	68%	0	-11	6.33%	0.9	-0.8	40	1.3
13	Dec_29_2020	12.15	15.23	14.89	14.35	14.52	14.46	14.16(-1.26%)	DT	OpenShort	-75	-0.2	-17	10	-3	-58	3.85	66%	-0.08	-18.6	6.33%	0.4	-1.1	37	0.2
14	Dec_28_2020	12.16	15.2	15.02	14.45	14.51	14.57	14.34(-1.04%)	DT	OpenShort	-75	-0.1	-16	40	-3	-56	3.78	67%	-0.25	-12.4	6.37%	0.4	-0.9	43	1.2
15	Dec_24_2020	12.19	15.24	15.24	14.62	14.45	14.58	14.49(-1.29%)	DT	OpenShort	-75	-0.1	-16	30	-5	-50	2.03	67%	0	1.6	6.33%	-2.4	-0.8	39	1.3

16	Dec_23_2020	12.19	15.29	15.49	14.87	14.68	14.45	14.68(4.26%)	DP	OpenShort	-75	-0.2	-12	-150	-6	-31	4.19	64%	0.08	22.3	6.33%	0.7	-0.6	53	0.5
17	Dec_22_2020	12.18	15.36	15.64	15.12	15.01	14.32	14.08(-3.89%)	DT	OpenShort	-75	-1.1	-15	-340	-14	-17	4.1	64%	0	43	6.43%	-1.3	-1.3	52	-0.7
18	Dec_21_2020	12.18	15.4	15.84	15.51	15.43	14.9	14.65(-3.75%)	N/A	N/A	0	-0.9	-6	-260	-11	10	5.66	62%	0.16	65.4	6.42%	-1	-0.8	62	-1.6
19	Dec_18_2020	12.16	15.33	15.95	15.67	15.81	15.7	15.22(-3.3%)	UD	OpenLong	65	-0.4	1	-20	-8	29	4.95	62%	0.08	67.8	6.46%	-1.8	-0.1	66	1.2
20	Dec_17_2020	12.15	15.23	16.06	15.95	16.01	15.97	15.74(-1.01%)	UD	OpenLong	65	-0.2	8	-10	-5	48	2.67	62%	0.08	78.3	6.45%	-0.5	0.4	56	1.6

21	Dec_16_2020	12.14	15.08	15.97	16.21	16.18	15.92	15.9(-0.93%)	UD	OpenLong	65	-0.2	13	-120	-2	56	3.66	64%	0.17	82.5	6.45%	0.4	0.6	54	1.5
22	Dec_15_2020	12.12	14.95	15.83	16.24	16.33	16.06	16.05(3.88%)	UD	OpenLong	65	-0.1	10	-100	-3	48	5.09	64%	0.08	88.7	6.51%	0	0.8	50	0.8
23	Dec_14_2020	12.11	14.81	15.6	16.23	16.42	16.44	15.45(-6.98%)	UD	OpenLong	65	-0.6	10	40	-1	43	6.98	64%	0.08	96.3	6.5%	-1.8	0.5	56	-0.6
24	Dec_11_2020	12.1	14.63	15.41	16.24	16.26	16.6	16.61(-2.52%)	UD	OpenLong	75	0.2	16	150	4	51	6.36	66%	0.17	98.2	6.43%	0.1	1.3	69	0.3
25	Dec_10_2020	12.08	14.34	15.24	16.18	16.02	16.41	17.04(6.04%)	UT	OpenLong	75	0.5	27	140	14	67	8.36	63%		96.3	6.42%	1.4	1.6	69	0.9
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.