ERX Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Direxion Energy Bull 2X ETF (ERX) Moving Averages Convergence Divergence (MACD) indicator is 1.51, suggesting ERX is Strong buy.

Direxion Energy Bull 2X ETF (ERX) 20-Day simple moving average is 92.75, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.

Direxion Energy Bull 2X ETF (ERX) 60-Day simple moving average is 92.29, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.

Technical Analysis for ERX

Technical Sentiment Analysis for Direxion Energy Bull 2X ETF (ERX). As of 2026-05-22, Direxion Energy Bull 2X ETF (ERX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 8 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ERX stands at 54.55, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.51, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 64.21 and the Commodity Channel Index (CCI) at 42.72 further confirm a 11.44 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, ERX is trading above its 60-day moving average of $92.29 and above its 200-day long-term moving average of $69.4. Key price levels to watch include the immediate resistance at $102.64 and strong support at $85.73. A break above $102.64 could signal a bull continuation, while falling below $85.73 may test the next Fibonacci floor at $77.32.

Direxion Energy Bull 2X ETF (ERX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	68.82	77.32	85.73	94.23	102.64	111.14	119.55
Fibonacci	77.32	83.78	87.77	94.23	100.69	104.68	111.14

Direxion Energy Bull 2X ETF (ERX) Technical Indicators

2026-05-22

Name	Value
Relative Strength Index (RSI)	54.55
Stochastic Oscillator	64.21
Stochastic RSI	75.4
Commodity Channel Index (CCI)	42.72
Awesome Oscillator	6.95
Momentum	11.44
MACD	1.51

Direxion Energy Bull 2X ETF (ERX) Relative Strength Index (RSI) is 54.55, creating a Neutral signal.

Direxion Energy Bull 2X ETF (ERX) Stochastic Oscillator is 64.21, creating a Neutral signal.

Direxion Energy Bull 2X ETF (ERX) Stochastic RSI is 75.4, creating a Neutral signal.

Direxion Energy Bull 2X ETF (ERX) Commodity Channel Index (CCI) is 42.72, creating a Neutral signal.

Direxion Energy Bull 2X ETF (ERX) Awesome Oscillator is 6.95, creating a Buy signal.

Direxion Energy Bull 2X ETF (ERX) Momentum is 11.44, creating a Buy signal.

Direxion Energy Bull 2X ETF (ERX) MACD is 1.51, creating a Buy signal.

Direxion Energy Bull 2X ETF (ERX) Moving Average

2026-05-22

Period	Simple	Signal
5-Day	97.31	Sell
10-Day	94.14	Buy
20-Day	92.75	Buy
60-Day	92.29	Buy
200-Day	69.4	Buy
250-Day	66.03	Buy

Direxion Energy Bull 2X ETF (ERX) 5-Day simple moving average is 97.31, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Sell.

Direxion Energy Bull 2X ETF (ERX) 10-Day simple moving average is 94.14, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.

Direxion Energy Bull 2X ETF (ERX) 20-Day simple moving average is 92.75, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.

Direxion Energy Bull 2X ETF (ERX) 60-Day simple moving average is 92.29, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.

Direxion Energy Bull 2X ETF (ERX) 200-Day simple moving average is 69.4, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.

Direxion Energy Bull 2X ETF (ERX) 250-Day simple moving average is 66.03, while Direxion Energy Bull 2X ETF (ERX) share price is $95.54, making it Buy.