Free Daily Analysis

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.

GIF_ERY
Open High Low ERY Price Change
27.271 29.044 26.557 29.044 +1.185
Entry Signal

MarketClub’s Trade Triangles for ERY

long term down The long-term trend has been DOWN since Nov 16th, 2020 at 43.141

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 64.311

short term up 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).

-75
Smart Scan Analysis for ERY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.271 29.044 26.557 29.044 +1.185
Prev. Close Volume Bid Ask Time
69.172 0 2021-01-26 16:04:45
Get a free daily analysis and signals for Direxion Daily Energy Bear 3X Shares (ERY) - Request Your Free Report.