ERY Stock Summary and Trading Ideas (Direxion Daily Energy Bear 2X | ARCA:ERY)

The Energy Bear 2X ETF seeks daily investment results before fees and expenses of 200% of the inverse (or opposite) of the price performance of the Energy Index. There is no guarantee the fund will meet its stated investment objective.

Direxion Daily Energy Bear 2X trades on the ARCA stock market under the symbol ERY.

As of April 19, 2024, ERY stock price declined to $21.56 with 352,438 million shares trading.

ERY has a beta of -1.02, meaning it tends to be less sensitive to market movements. ERY has a correlation of 0.10 to the broad based SPY ETF.

ERY has a market cap of $22.97 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ERY stock traded as high as $204.10 and as low as $19.80.

ERY has underperformed the market in the last year with a return of -19.3%, while the SPY ETF gained +21.2%. In the last 3 month period, ERY fell short of the market, returning -28.2%, while SPY returned +3.0%. However, in the most recent 2 weeks ERY has outperformed the stock market by returning +7.3%, while SPY returned -4.5%.

ERY support price is $21.58 and resistance is $22.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERY stock will trade within this expected range on the day.