ERX Stock Analysis: Buy, Sell, or Hold?
ERX - Direxion Daily Energy Bull 2X Shares
$73.94
4.66 (6.73%)
▲
5d:
+8.23%
30d:
+27.09%
90d:
+36.07%
HOLD
MODERATE Confidence
Last Updated: February 3, 2026
Get Alerted When ERX Hits Your Target Price
Join 10,000+ traders who never miss a move
You're in! Check your email to confirm and set your target price.
100% Free
No spam, ever
Unsubscribe anytime
Interactive Price Chart (1 Month)
Loading chart...
Loading historical data...
Bottom Line:
📊 HOLD - EXTENDED: ERX is 7.5% above fair value ($68.75). Fundamentals are solid but entry is stretched. Hold existing positions; wait for pullback to add new shares.
📊 HOLD - EXTENDED: ERX is 7.5% above fair value ($68.75). Fundamentals are solid but entry is stretched. Hold existing positions; wait for pullback to add new shares.
In-depth Analysis How we analyze
Valuation Analysis: ERX is currently trading at $73.94, which is considered extended relative to its 30-day fair value range of $58.30 to $68.75.
Technical Outlook: Technically, ERX is in a uptrend. The price is approaching resistance at $74.11. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation. The stock is showing strong short-term momentum, up 6.7% recently.
Market Sentiment: ERX has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, ERX is in a uptrend. The price is approaching resistance at $74.11. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation. The stock is showing strong short-term momentum, up 6.7% recently.
Market Sentiment: ERX has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
EXTENDED
Fair Price Range
$58.30 -
$68.75
Company Quality Score
58/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
68.2%
All Signals
- BEARISH: Price extended above range (+7.5% above fair value)
- BULLISH: Options cheap (IV 0th percentile)
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+6.7%)
- CAUTION: Extended 7.5% above fair value - wait for pullback
Fair Price Analysis
30-Day Fair Range
$58.30 -
$68.75
Current vs Fair Value
EXTENDED
Expected Move (7 Days)
±$3.96
(5.4%)
Support & Resistance Levels
Support Level
$64.51
Resistance Level
$74.11
Current Trend
Uptrend
Last updated: February 04, 2026 7:26 AM ET
Data refreshes hourly during market hours. Next update: 8:26 AM
Data refreshes hourly during market hours. Next update: 8:26 AM
🔥 Top Stocks Breaking Out Now
| Ticker | Score | Recommendation | Change % |
|---|
Technical Signals Check
Is ERX showing a specific setup today?