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Stock Trend Analysis Report
Prepared for you on Saturday, September 7, 2024.
Direxion Energy Bull 2X Shares (PACF:ERX)
Long-Term Downtrend (-90) - ERX is in a strong downtrend that is likely to continue. While ERX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ERX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ERX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ERX
The long-term trend has been DOWN since Aug 2nd, 2024 at 59.75
The intermediate-term trend has been DOWN since Sep 3rd, 2024 at 60.48
The short-term trend has been DOWN since Sep 3rd, 2024 at 61.50
Smart Scan Analysis for ERX
Based on our trend formula, ERX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.54 | 59.14 | 56.25 | 56.69 | -1.54 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.79 | 278657 | 2024-09-06 15:59:38 |
| Year High | 44.29 | Year High Date | 2018-01-24 |
| Year Low | 20.8801 | Year Low Date | 2018-11-23 |
| 52wk High | 77.52 | 52wk High Date | 2024-04-12 |
| 52wk Low | 50 | 52wk Low Date | 2024-01-18 |
| Year End Close | 48.48 | Average Volume | 252,466 |
| Shares Outstanding | 340 | Assets | 2,144M |
| Beta | 4.07 | Volatility | 84.27 |