Leverage Shares 2X Long ADBE Daily ETF (ADBG)

Leverage Shares 2X Long ADBE Daily ETF is trading at $3.96, up 2.06% on the session. The 50 day average sits at $4.25 and the 200 day at $4.63, which puts the stock in a downtrend. RSI is at 47, which reads as neutral, and MACD is bullish crossover. Volume is average.

The nearest support is around $3.84 with resistance near $3.98, so that band frames the current range. Average daily movement is roughly $0.28, or about 7.1% of the share price, which is what any stop placement has to allow for. The overall health score of 34 out of 100 combines a trend score of 3, momentum of 69 and a risk score of 36.

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of ADBE, consistent with the fund’s investment objective. The fund is non-diversified.