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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.

GIF_ERX
Open High Low ERX Price Change
13.7699 13.7699 12.4269 12.4269 0.0000
Entry Signal

MarketClub’s Trade Triangles for ERX

long term up The long-term trend has been UP since May 20th, 2020 at 16.6816

intermediate term down The intermediate-term trend has been DOWN since Jun 15th, 2020 at 15.4645

short term down 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).

-70
Smart Scan Analysis for ERX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.7699 13.7699 12.4269 12.4269 0.0000
Prev. Close Volume Bid Ask Time
15.7609 0 2020-07-10 08:55:19
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