Volume Moving the Tape 1.50% For Energy Bull 3X Direxion (ERX)

Angelo Anderson
January 18, 2018

Shares of Betapro SP TSX Cap Engy 2X Dly Bull ETF (HEU.TO) are moving on volatility today -3.20% or $-0.34 from the open. The NYSE listed company saw a recent bid of 16.89 and 267283 shares have traded hands in the session. Studying the fundamentals and pertinent economic numbers can provide a solid foundation for investors to build from. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. The RSI is computed base on the speed and direction of a stock's price movement.

Some investors may be struggling after adding the wrong stocks to the portfolio. Trends are generally categorized as either up, down, or sideways. Capitalizing on the current trends may be just what the doctor ordered.

Digging deeping into the Direxion S&P Oil & Gas Expl Bear 3X (DRIP) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -87.01. The RSI oscillates on a scale from 0 to 100. Levels above -20 may indicate the stock may be considered is overbought. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. The Williams %R was developed by Larry Williams.

Taking a closer look at shares of Cvr Medical Corp (CVM.V), we have noted that the 14 day Stochastic RSI is showing signs of a bullish divergence.

Direxion Smallcap Bull (SMLL) shares are being watched closely by traders as the Awesome Oscillator signal is revealing an upward trend building over the past five bars, signaling that market momentum is building for the name.

Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. Traders may use these levels to help identify stock price reversals.

Deep diving into the technical levels for Betapro SP TSX Cap Engy 2X Dly Bull ETF (HEU.TO), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 48.32. Inexperienced investors have the tendency to buy stocks that have been performing the best recently. On the flip side, an RSI near 0 may signal weaker momentum. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". The RSI may be useful for spotting abnormal price activity and volatility. The RSI value will always move between 0 and 100. Normal oscillations tend to stay in the range of -100 to +100. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Presently, Cvr Medical Corp (CVM.V)'s Williams Percent Range or 14 day Williams %R is resting at -36.36.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX is used to measure trend strength. Currently, the 200-day MA for Direxion S&P Biotech Bear 3X (LABD) is sitting at 6.72. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Going back days, months, of even years, may help broaden the scope and help investors see the bigger picture. With the next earnings season in focus, investors will be keeping their eyes open for names that have upside potential. Searching for value in the current investing landscape may be a priority for some investors.

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