Index Trend Analysis Report
Prepared for you on Friday, July 10, 2020.
Direxion Daily Energy Bull 3X Shares (GIF:ERX)
Weak Downtrend (-65) - ERX is showing signs of a strengthening downtrend. Monitor ERX as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for ERX
The long-term trend has been UP since May 20th, 2020 at 16.6816
The intermediate-term trend has been DOWN since Jun 15th, 2020 at 15.4645
The short-term trend has been DOWN since Jul 7th, 2020 at 13.9215
Smart Scan Analysis for ERX
Based on our trend formula, ERX is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).