Index Trend Analysis Report
Prepared for you on Wednesday, January 27, 2021.
Direxion Daily Energy Bear 3X Shares (GIF:ERY)
Bear Market Rally (-75) - ERY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ERY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ERY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ERY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ERY
The long-term trend has been DOWN since Nov 16th, 2020 at 43.141
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 64.311
The short-term trend has been UP since Jan 21st, 2021 at 27.022
Smart Scan Analysis for ERY
Based on our trend formula, ERY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).