Bullish Case: ERX has seen a recent increase (5.4% over a week) [Helium], suggesting buyers' interest. Helium volatility higher than market implies potential for uptick [Helium], while historical performance shows room for gains [Helium].


Bearish Case: ERX long-term downtrend remains evident, with a significant drop from a decade ago [Helium]. Flattened term structure [Helium] and neutral AI forecast [Helium] suggest limited upside catalysts in short term.


Potential Outcomes: Possible outcomes include: flat short-term trading (60%), minor uptick due to trading above last month's price (20%), or downtrend resuming due to long-term bearish history (20%).


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February 17, 2024


Direxion Daily Energy Bull 2X Shares Forecast

[ERX]  Direxion Daily Energy Bull 2X Shares
Price Forecast: NEUTRAL    Price Action: RANDOM (?)



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ERX Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with ERX



IYE Forecast + Options Trading Strategies   [IYE]  BlackRock Institutional Trust Company N.A. - iShares U.S. Energy (0.98)


XLE Forecast + Options Trading Strategies   [XLE]  Energy Select Sector SPDR (0.97)


APA Forecast + Options Trading Strategies   [APA]  Apache (0.91)


MRO Forecast + Options Trading Strategies   [MRO]  Marathon Oil (0.89)


CPG Forecast + Options Trading Strategies   [CPG]  Crescent Point Energy (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to ERX



LIN Forecast + Options Trading Strategies   [LIN]  Linde (-0.0)


RXRX Forecast + Options Trading Strategies   [RXRX]  Recursion Pharmaceuticals (-0.0)


GS Forecast + Options Trading Strategies   [GS]  Goldman Sachs Group (0.0)


APAM Forecast + Options Trading Strategies   [APAM]  Artisan Partners Asset (0.0)


OMF Forecast + Options Trading Strategies   [OMF]  OneMain (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ERX



SHY Forecast + Options Trading Strategies   [SHY]  BTC iShares 1-3 Year Trea (-0.57)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.58)


FUSN Forecast + Options Trading Strategies   [FUSN]  Fusion Pharmaceuticals (-0.59)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.6)


WING Forecast + Options Trading Strategies   [WING]  Wingstop (-0.65)


ERX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent ERX News






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