Trading Signals: ERX Stock Price Prediction and Forecast

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

Thu. Feb. 25, 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 $23.8000 (-3.95%) ($23.4660 - $25.2700) on Thu. Feb. 25, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.59% (three month average)
RSI   77
Latest Price   $23.8000(-3.95%)
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 11.4% 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(80%)    XOP(75%)    IWD(58%)    IFRA(56%)
Factors Impacting ERX price   ERX will decline at least -2.295% 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   -2.295% (StdDev 4.59%)
Hourly BBV -0.1 ()
Intraday Trend -5.9%

5 Day Moving Average   $23(3.48%)
10 Day Moving Average   $21.68(9.78%)
20 Day Moving Average   $19.63(21.24%)
To recent high   -4%
To recent low   77.7%
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 13.65% (three month std-dev: 4.59%) daily (68% of days).

Sample size 46 Average positive next day return: 4.61%(52%) Average negative next day return: -4.07%(48%) Sample size 46 Average positive next three day return: 8.18%(41%) Average negative next three day return: -7.42%(59%) Sample size 46 Average positive next weekly return: 13.97%(39%) Average negative next weekly return: -7.55%(61%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210325

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	Feb_25_2021	14.76	19.63	21.68	23	23.26	24.27	23.8(-3.95%)	UD	OpenLong	75	0.3	63	340	30	161	10.9	64%	1.03	64.2	4.59%	-0.1	1.6	77	0.2
2	Feb_24_2021	14.61	19.23	21.26	22.29	22.31	23.34	24.78(7.23%)	UT	HoldLong	65	1	63	330	32	154	9.41	67%	1.11	52.5	4.61%	1.5	2.1	83	1.4
3	Feb_23_2021	14.45	18.8	20.65	21.58	21.44	22.26	23.11(3.22%)	UT	HoldLong	65	0.7	54	250	23	147	8.37	69%	0.98	44.9	4.69%	1.2	1.9	84	1.3
4	Feb_22_2021	14.31	18.48	20.26	21.08	21.05	21.28	22.39(6.92%)	UT	HoldLong	65	0.6	51	70	19	148	6.28	69%	0.99	40.5	4.99%	1.4	1.9	84	1.1
5	Feb_19_2021	14.17	18.22	19.8	20.53	20.72	20.63	20.94(3.41%)	UT	HoldLong	65	0.2	43	-0	8	146	4.73	67%	0.93	31.2	4.94%	0.9	1.5	82	1.5

6	Feb_18_2021	14.04	18.05	19.47	20.15	20.35	20.63	20.25(-4.53%)	UD	OpenLong	75	0.1	40	190	5	143	4.72	67%	0.79	24.8	4.94%	-1.6	1.3	71	1.3
7	Feb_17_2021	13.93	17.96	19.17	20.03	19.98	20.82	21.21(2.86%)	UT	HoldLong	65	0.7	55	290	21	158	6.38	67%	0.94	24.2	4.96%	1.2	1.9	77	1.4
8	Feb_16_2021	13.8	17.82	18.64	19.57	19.55	19.89	20.62(5.15%)	UT	OpenLong	75	0.7	47	120	16	139	6.76	71%	1.1	22	4.95%	1.4	1.9	72	1.2
9	Feb_12_2021	13.65	17.68	18.14	19.32	19.11	19.13	19.61(2.89%)	UT	OpenLong	75	0.2	34	-30	7	114	4.85	68%	0.81	22.6	5.21%	1	1.4	62	1.5
10	Feb_11_2021	13.54	17.66	17.71	18.97	19.04	19.2	19.06(-2.95%)	UD	OpenLong	75	0.1	29	70	9	88	4.83	68%	0.67	23.8	5.3%	-0.6	1	57	1.3

11	Feb_10_2021	13.45	17.62	17.44	18.66	18.76	19.09	19.64(3.86%)	UT	OpenLong	75	0.7	29	140	15	72	5.22	69%	0.75	24.7	5.28%	1.4	1.5	59	1
12	Feb_9_2021	13.35	17.57	17.06	18.17	18.27	18.89	18.91(-2.32%)	UD	OpenLong	75	0.6	25	250	20	38	4.24	74%	0.6	26.3	5.32%	0.6	1	47	1.1
13	Feb_8_2021	13.27	17.5	16.8	17.56	17.7	18.44	19.36(8.4%)	UT	OpenLong	75	1.4	19	320	24	3	6.25	74%	0.61	25.1	6.34%	1.7	1.5	50	1.1
14	Feb_5_2021	13.19	17.38	16.54	16.79	17.01	17.66	17.86(1.77%)	N/A	N/A	0	0.9	7	310	19	-28	3.64	71%	0.53	19	6.32%	0.8	0.4	48	1.1
15	Feb_4_2021	13.12	17.34	16.49	16.27	16.39	16.97	17.55(2.09%)	DP	OpenShort	-65	1.1	-6	270	11	-57	3.93	71%	0.46	16.6	6.32%	1.1	0.2	38	1.1

16	Feb_3_2021	13.06	17.3	16.48	16.04	15.97	16.36	17.19(8.59%)	DP	OpenShort	-65	1	-11	160	9	-70	6.4	71%	0.46	20.7	6.32%	1.6	-0.1	43	0.7
17	Feb_2_2021	13	17.23	16.63	15.81	15.91	15.81	15.83(2.13%)	DP	OpenShort	-75	0	-21	-30	-1	-81	4.95	71%	0.39	19.8	6.26%	0.6	-1.1	34	-0.1
18	Feb_1_2021	12.95	17.18	16.92	15.93	15.9	15.59	15.5(1.31%)	DP	OpenShort	-75	-0.3	-28	-140	-12	-77	3.33	71%	0.39	20.7	6.3%	-0.5	-1.2	42	-1.3
19	Jan_29_2021	12.9	17.15	17.19	16.26	16.29	16.02	15.3(-6.48%)	DT	OpenShort	-75	-0.7	-25	-110	-12	-64	5.4	72%	0.31	27.4	6.3%	-1.8	-1.4	44	-2.7
20	Jan_28_2021	12.86	17.14	17.63	16.71	16.63	16.21	16.36(2%)	DP	OpenShort	-75	-0.2	-17	-190	-9	-39	4.5	71%	0.39	37.1	6.25%	-0.1	-0.5	49	-2.2

21	Jan_27_2021	12.81	17.05	17.85	16.98	16.83	16.56	16.04(-2.37%)	DT	OpenShort	-75	-0.6	-19	-140	-17	-25	8.02	71%	0.39	38.6	6.37%	-1.5	-0.7	51	-3
22	Jan_26_2021	12.76	16.98	18.15	17.57	17.37	17.05	16.43(-4.37%)	N/A	N/A	0	-0.7	-6	-160	-11	9	4.24	69%	0.24	44.4	6.37%	-1.6	-0.3	59	0.3
23	Jan_25_2021	12.73	16.9	18.3	18.06	17.86	17.11	17.18(-2.11%)	UD	OpenLong	65	-0.5	3	-330	-10	40	5.21	69%	0.39	47.4	6.41%	-0.5	0.2	70	0.8
24	Jan_22_2021	12.68	16.79	18.32	18.25	18.29	17.7	17.55(-0.9%)	UD	OpenLong	65	-0.4	3	-220	-16	59	3.39	70%	0.48	46.5	6.41%	-0.7	0.4	72	1.5
25	Jan_21_2021	12.62	16.62	18.3	18.68	18.61	18.62	17.71(-6.74%)	UD	OpenLong	65	-0.5	19	-10	-6	92	4.89	69%		47.1	6.46%	-1.7	0.6	70	1.8
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

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