Simplify Managed Futures Strategy ETF (CTA)

Simplify Managed Futures Strategy ETF is trading at $29.02, up 2.64% on the session. The 50 day average sits at $26.87 and the 200 day at $28.47, which puts the stock in a downtrend. RSI is at 52.1, which reads as neutral, and MACD is bearish crossover. Volume is average.

The nearest support is around $26.09 with resistance near $28.75, so that band frames the current range. Average daily movement is roughly $0.55, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 49 out of 100 combines a trend score of 43, momentum of 43 and a risk score of 65.

Under normal market conditions, the fund invests in a portfolio of equity, U.S. Treasury, commodity, and foreign exchange futures contracts (collectively, “Futures Contracts”). Typically, it will not invest directly in commodity futures contracts. The Advisor expects to gain exposure to these investments by investing up to 25% of its assets in a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the “Subsidiary”).