


Technical Sentiment Analysis for Direxion Energy Bull 2X ETF (ERX). As of 2026-07-02, Direxion Energy Bull 2X ETF (ERX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ERX stands at 37.15, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -3.71, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 5.89 and the Commodity Channel Index (CCI) at -76.15 further confirm a -3.52 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, ERX is trading above its 60-day moving average of $87.64 and above its 200-day long-term moving average of $73.5. Key price levels to watch include the immediate resistance at $80.42 and strong support at $74.72. A break above $80.42 could signal a bull continuation, while falling below $74.72 may test the next Fibonacci floor at $71.85.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 69.03 | 71.85 | 74.72 | 77.54 | 80.42 | 83.24 | 86.11 |
| Fibonacci | 71.85 | 74.02 | 75.37 | 77.54 | 79.72 | 81.06 | 83.24 |
2026-07-02
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 37.15 |
| Stochastic Oscillator | 5.89 |
| Stochastic RSI | 6.74 |
| Commodity Channel Index (CCI) | -76.15 |
| Awesome Oscillator | -9.5 |
| Momentum | -3.52 |
| MACD | -3.71 |
2026-07-02
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 76.65 | Sell |
| 10-Day | 77.59 | Sell |
| 20-Day | 82.45 | Sell |
| 60-Day | 87.64 | Sell |
| 200-Day | 73.5 | Buy |
| 250-Day | 69.55 | Buy |