Defiance Daily Target 2X Long AVGO ETF (AVGX)

Defiance Daily Target 2X Long AVGO ETF is trading at $42.15, down 1.06% on the session. The 50 day average sits at $47.84 and the 200 day at $49.46, which puts the stock in a downtrend. RSI is at 41.1, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $41.50 with resistance near $50.98, so that band frames the current range. Average daily movement is roughly $3.37, or about 8.0% of the share price, which is what any stop placement has to allow for. The overall health score of 21 out of 100 combines a trend score of 16, momentum of 23 and a risk score of 28.

The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.