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 Shares (ERX) Moving Averages Convergence Divergence (MACD) indicator is 4.73, suggesting ERX is Strong buy.

Direxion Energy Bull 2X Shares (ERX) 20-Day simple moving average is 82.29, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.

Direxion Energy Bull 2X Shares (ERX) 60-Day simple moving average is 67.94, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.

Technical Analysis for ERX

Technical Sentiment Analysis for Direxion Energy Bull 2X Shares (ERX). As of 2026-03-04, Direxion Energy Bull 2X Shares (ERX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 8 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ERX stands at 66.24, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 4.73, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 70.75 and the Commodity Channel Index (CCI) at 90.26 further confirm a 3.91 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, ERX is trading above its 60-day moving average of $67.94 and above its 200-day long-term moving average of $58.09. Key price levels to watch include the immediate resistance at $91.11 and strong support at $79.68. A break above $91.11 could signal a bull continuation, while falling below $79.68 may test the next Fibonacci floor at $74.4.

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

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	68.25	74.4	79.68	85.83	91.11	97.26	102.53
Fibonacci	74.4	78.77	81.46	85.83	90.19	92.89	97.26

Direxion Energy Bull 2X Shares (ERX) Technical Indicators

2026-03-04

Name	Value
Relative Strength Index (RSI)	66.24
Stochastic Oscillator	70.75
Stochastic RSI	78.06
Commodity Channel Index (CCI)	90.26
Awesome Oscillator	10.35
Momentum	3.91
MACD	4.73

Direxion Energy Bull 2X Shares (ERX) Relative Strength Index (RSI) is 66.24, creating a Neutral signal.

Direxion Energy Bull 2X Shares (ERX) Stochastic Oscillator is 70.75, creating a Neutral signal.

Direxion Energy Bull 2X Shares (ERX) Stochastic RSI is 78.06, creating a Neutral signal.

Direxion Energy Bull 2X Shares (ERX) Commodity Channel Index (CCI) is 90.26, creating a Neutral signal.

Direxion Energy Bull 2X Shares (ERX) Awesome Oscillator is 10.35, creating a Buy signal.

Direxion Energy Bull 2X Shares (ERX) Momentum is 3.91, creating a Buy signal.

Direxion Energy Bull 2X Shares (ERX) MACD is 4.73, creating a Buy signal.

Direxion Energy Bull 2X Shares (ERX) Moving Average

2026-03-04

Period	Simple	Signal
5-Day	86.56	Sell
10-Day	84.95	Buy
20-Day	82.29	Buy
60-Day	67.94	Buy
200-Day	58.09	Buy
250-Day	57.15	Buy

Direxion Energy Bull 2X Shares (ERX) 5-Day simple moving average is 86.56, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Sell.

Direxion Energy Bull 2X Shares (ERX) 10-Day simple moving average is 84.95, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.

Direxion Energy Bull 2X Shares (ERX) 20-Day simple moving average is 82.29, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.

Direxion Energy Bull 2X Shares (ERX) 60-Day simple moving average is 67.94, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.

Direxion Energy Bull 2X Shares (ERX) 200-Day simple moving average is 58.09, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.

Direxion Energy Bull 2X Shares (ERX) 250-Day simple moving average is 57.15, while Direxion Energy Bull 2X Shares (ERX) share price is $86.51, making it Buy.