Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Direxion Daily Energy Bear 2X Shares (PACF:ERY)
Sidelines Mode (+55) - ERY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ERY
The long-term trend has been DOWN since Mar 1st, 2024 at 26.135
The intermediate-term trend has been UP since Apr 30th, 2024 at 22.195
The short-term trend has been DOWN since May 6th, 2024 at 22.170
Smart Scan Analysis for ERY
Based on our trend formula, ERY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.350 | 22.415 | 22.080 | 22.380 | +0.030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.350 | 244194 | 2024-05-07 15:59:45 |
| Year High | 60.45 | Year High Date | 2018-02-09 |
| Year Low | 29.0799 | Year Low Date | 2018-10-09 |
| 52wk High | 35.89 | 52wk High Date | 2023-06-01 |
| 52wk Low | 19.8 | 52wk Low Date | 2024-04-12 |
| Year End Close | 7.82 | Average Volume | 423,388 |
| Shares Outstanding | 505 | Assets | 824M |
| Beta | -3.62000000 | Volatility | 81.5 |