
Technical analysis of Direxion Daily Energy Bear 2X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Direxion Daily Energy Bear 2X Shares (ERY) is an exchange-traded fund that provides 2X daily inverse exposure to the S&P Dow Jones Index covering the energy sector, which includes domestic companies in oil, gas, consumable fuels, and energy equipment and services. The fund invests at least 80% of its net assets in financial instruments that combine to provide this inverse exposure to the index or to ETFs that track it.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 4, 2026, computed on the last 12 months of prices.
21 sessions
9.35 $
−4.67%
50 sessions
10.59 $
−15.88%
200 sessions
13.20 $
−32.52%
s2
8.44
Support
s1
8.59
Support
pivot
8.68
Pivot
r1
8.83
Resistance
r2
8.92
Resistance
In the September 4, 2026 session Direxion Daily Energy Bear 2X Shares closed higher at 8.91 $, +1.83% versus the previous session.
The price sits below every moving average observed: −4.67% against the 21-session average, −15.88% against the 50 and −32.52% against the 200.
The 14-period RSI reads 36.6, in neutral territory.
MACD stands at -0.482 against a signal line at -0.498: the histogram is positive (+0.016).
ADX reads 27.6, indicating a marked directionality.
Levels computed on the latest session place supports at 8.59 and 8.44 $ and resistances at 8.83 and 8.92 $, around a pivot of 8.68.
The average daily range (ATR) is 0.364 $, or 4.09% of price.
Turnover was 8.6M shares, 188% of the 20-session average.
Over the last twelve months the price ranged between 8.52 and 13.33 $, and today stands −33.16% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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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.
How is Direxion Daily Energy Bear 2X Shares analysed technically?
Technical analysis of Direxion Daily Energy Bear 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 Bear 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 Bear 2X Shares?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily Energy Bear 2X Shares it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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