Direxion Daily Energy Bull 2X Shares technical analysis
Technical analysis of Direxion Daily Energy Bull 2X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Direxion Daily Energy Bull 2X Shares
ERX is an exchange-traded fund that provides 2X daily leveraged exposure to the S&P Dow Jones index covering the energy sector, which includes the oil, gas, consumable fuels, and energy equipment and services industries. The fund invests at least 80% of its net assets in financial instruments such as swap agreements, securities of the index, and ETFs that track the index to achieve this leveraged exposure.
Description generated automatically from public sources; it may be inaccurate or out of date.
Direxion Daily Energy Bull 2X Shares: latest session data
Closing values for September 4, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
104.15 $
+4.36%
50 sessions
93.90 $
+15.75%
200 sessions
82.27 $
+32.11%
Session levels
s2
108.37
Support
s1
109.44
Support
pivot
111.56
Pivot
r1
112.63
Resistance
r2
114.75
Resistance
How to read it
In the September 4, 2026 session Direxion Daily Energy Bull 2X Shares closed lower at 108.69 $, −1.64% versus the previous session.
The price sits above every moving average observed: +4.36% against the 21-session average, +15.75% against the 50 and +32.11% against the 200.
The 14-period RSI reads 62.6, in neutral territory.
MACD stands at 4.404 against a signal line at 4.340: the histogram is positive (+0.063).
ADX reads 26.1, indicating a marked directionality.
Levels computed on the latest session place supports at 109.44 and 108.37 $ and resistances at 112.63 and 114.75 $, around a pivot of 111.56.
The average daily range (ATR) is 3.761 $, or 3.46% of price.
Turnover was 330.6K shares, 126% of the 20-session average.
Over the last twelve months the price ranged between 74.67 and 113.69 $, and today stands −4.40% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Direxion Daily Energy Bull 2X Shares
How is Direxion Daily Energy Bull 2X Shares analysed technically?
Technical analysis of Direxion Daily Energy Bull 2X Shares is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Direxion Daily Energy Bull 2X Shares?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Direxion Daily Energy Bull 2X Shares?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily Energy Bull 2X Shares it helps frame the technical structure of the historical chart and is not a forecast.
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