Trading Signals: ERX Stock Price Prediction and Forecast

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

Thu. Apr. 7, 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 $56.8200 (2.67%) ($53.8400 - $57.1800) on Thu. Apr. 7, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.6% (three month average)
RSI   66
Latest Price   $56.8200(2.67%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ERX advances 0.5% a day on average for past five trading days.
Weekly Trend   ERX advances 0.9% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support ERX advance at 0% a week (0% probability)
OIH(91%)    XLE(68%)    XOP(64%)    IWD(61%)    IFRA(57%)
Factors Impacting ERX price   ERX will decline at least -1.8% in a week (0% probabilities).
VIXM(-26%)    UUP(-22%)    EDOC(-15%)    SHY(-11%)    BNDX(-8%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.8% (StdDev 3.6%)
Hourly BBV 1.6 ()
Intraday Trend 1.6%

5 Day Moving Average   $55.97(1.52%)
10 Day Moving Average   $56.26(1%)
20 Day Moving Average   $54.76(3.76%)
To recent high   -3.5%
To recent low   58.3%
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 5% (three month std-dev: 3.6%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220507

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	Apr_7_2022	41.38	54.76	56.26	55.97	56.1	55.83	56.82(2.67%)	UT	OpenLong	75	0.3	5	-30	1	16	6.13	68%	0.63	9.2	3.6%	1.6	0.8	66	1.3
2	Apr_6_2022	41.12	54.73	56.21	55.7	56.13	55.92	55.34(1%)	N/A	N/A	0	-0.1	-2	-0	-10	21	6.68	69%	0.59	16.6	3.6%	-0.9	0.2	63	1.1
3	Apr_5_2022	40.88	54.64	56.32	56.02	56.24	56.37	54.79(-2.99%)	UD	OpenLong	65	-0.4	11	30	-3	52	5.47	69%	0.57	24.9	3.63%	-1.6	0.1	70	0.5
4	Apr_4_2022	40.65	54.73	56.31	56.21	56.44	56.35	56.48(0.14%)	UT	OpenLong	75	0.1	27	0	9	79	4.07	71%	0.64	41.7	3.6%	-0.1	0.6	72	-0.1
5	Apr_1_2022	40.39	54.65	56.22	56.12	56.44	56.11	56.4(1.68%)	UT	HoldLong	50	0.1	12	20	-10	78	3.43	72%	0.62	55.2	3.71%	-1	0.6	59	-0.5

6	Mar_31_2022	40.14	54.51	55.76	56.63	55.86	56.52	55.47(-2.65%)	UD	OpenLong	75	-0.4	27	40	8	83	5.2	72%	0.63	74.1	3.74%	0	0.3	50	-0.9
7	Mar_30_2022	39.89	54.29	55.4	56.81	56.16	55.61	56.98(2.28%)	UT	OpenLong	75	0.1	25	-100	8	75	3.43	72%	0.61	87.7	3.71%	0.9	0.9	50	-0.7
8	Mar_29_2022	39.65	53.96	54.56	56.67	56.08	55.2	55.71(-0.62%)	N/A	N/A	0	-0.3	-5	-140	-22	47	4.51	72%	0.61	93.5	3.72%	-0.3	0.6	55	-0.9
9	Mar_28_2022	39.41	53.61	53.88	56.4	56.59	56.72	56.06(-4.84%)	UD	OpenLong	75	-0.1	8	30	1	29	3.99	72%	0.61	93.9	3.72%	-1.2	0.7	49	-1.5
10	Mar_25_2022	39.17	53.18	53.51	56.28	56.17	56.96	58.91(4.51%)	UT	OpenLong	75	0.7	29	90	28	32	3.64	76%	0.72	88.9	3.64%	1.8	1.5	55	-0.9

11	Mar_24_2022	38.89	52.5	53.1	54.77	55.45	56.47	56.37(0.16%)	UT	OpenLong	75	0.4	31	170	36	15	3.38	75%	0.67	72	3.65%	0.3	1	55	-0.7
12	Mar_23_2022	38.63	51.84	53.06	53.78	54.15	55.37	56.28(3.51%)	UT	OpenLong	75	0.6	36	180	42	16	4	75%	0.65	58.8	3.67%	1.5	1	60	-0.8
13	Mar_22_2022	38.38	51.22	52.73	52.14	52.7	54.43	54.37(-2%)	N/A	N/A	0	0.5	33	260	45	-2	4.44	75%	0.58	44.8	3.66%	0.4	0.7	58	-1
14	Mar_21_2022	38.16	50.65	52.93	50.97	51.24	52.93	55.48(8.08%)	UT	OpenLong	75	1	35	250	46	2	4.85	76%	0.66	34.8	3.64%	1.6	1.1	64	-1.2
15	Mar_18_2022	37.91	50.08	52.85	50.36	49.69	50.97	51.33(-0.19%)	N/A	N/A	0	0.2	5	140	7	-3	5.15	74%	0.53	27.6	3.57%	0.9	0.3	61	0.2

16	Mar_17_2022	37.71	49.76	53.09	51.25	50.04	49.55	51.43(6.95%)	UD	OpenLong	65	0	4	-140	-6	33	7.83	72%	0.53	32.8	3.59%	1.8	0.4	65	-0.9
17	Mar_16_2022	37.51	49.45	53.07	52.31	51.3	48.41	48.09(-0.87%)	N/A	N/A	0	-0.9	-27	-450	-56	59	7.48	70%	0.4	39.1	3.57%	-1	-0.3	65	-0.6
18	Mar_15_2022	37.36	49.28	53.39	53.39	53.06	50.54	48.51(-7.53%)	N/A	N/A	0	-1	-35	-350	-79	96	6.29	70%	0.43	44.7	3.56%	-1.1	-0.2	64	-2.8
19	Mar_14_2022	37.2	49.13	53.47	55.07	54.31	54.2	52.46(-5.95%)	UD	OpenLong	65	-0.5	18	-60	-36	179	8.7	75%	0.57	53.3	3.4%	-1.6	0.7	73	-1.8
20	Mar_11_2022	36.99	48.85	53.02	55.62	55.42	55.58	55.78(-1.64%)	UD	OpenLong	75	0	78	10	24	238	8.34	75%	0.68	60.1	3.36%	0.5	1.4	75	0.6

21	Mar_10_2022	36.74	48.27	51.98	55.18	55.24	54.42	56.71(6.06%)	UT	OpenLong	75	0.3	64	-100	8	233	9.25	75%	0.69	61.2	3.37%	0.3	1.8	75	0.9
22	Mar_9_2022	36.49	47.65	50.61	53.99	54.4	55.27	53.47(-6.08%)	UD	OpenLong	75	-0.1	54	130	2	208	8.5	74%	0.58	59.7	3.31%	-1.1	1.4	70	-0.8
23	Mar_8_2022	36.28	47.18	49.64	53.38	53.61	56.07	56.93(3.12%)	UT	HoldLong	65	0.9	118	330	78	237	16.57	78%	0.72	58.6	3.2%	0.8	2.4	81	-1.2
24	Mar_7_2022	36.02	46.6	48.18	51.63	51.83	53.53	55.21(3%)	UT	OpenLong	75	1	103	240	73	191	10.1	79%	0.7	62.6	3.19%	1.2	2.5	74	-1.6
25	Mar_4_2022	35.77	46.06	47.01	50.04	50.15	51.15	53.6(5.64%)	UT	OpenLong	75	1.3	74	150	53	137	7.52	79%		67.8	3.2%	2.5	2.7	63	-1.2
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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