Leverage Shares 2X Long CRCL Daily ETF (CRCG)

Leverage Shares 2X Long CRCL Daily ETF is trading at $17.11, up 16.79% on the session. The 50 day average sits at $10.52 and the 200 day at $23.29, which puts the stock in a downtrend. RSI is at 58.2, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $14.22 with resistance near $17.75, so that band frames the current range. Average daily movement is roughly $1.89, or about 11.1% of the share price, which is what any stop placement has to allow for. The overall health score of 53 out of 100 combines a trend score of 36, momentum of 88 and a risk score of 30.

The fund is an actively managed ETF. 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 CRCL, consistent with the fund’s investment objective. The fund is non-diversified.