Tema Memory ETF (DISK)

Tema Memory ETF is trading at $28.52, down 9.86% on the session. The 50 day average sits at $35.91 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44.9, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $28.56 with resistance near $38.03, so that band frames the current range. Average daily movement is roughly $1.66, or about 5.8% of the share price, which is what any stop placement has to allow for. The overall health score of 33 out of 100 combines a trend score of 32, momentum of 44 and a risk score of 18.

The fund is an actively managed ETF that under normal circumstances seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks and American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) of publicly listed companies that Tema ETFs LLC (the “Adviser”) determines are “Memory Companies.” It is non-diversified.