Leverage Shares 2X Long HOOD Daily ETF (HOOG)

Leverage Shares 2X Long HOOD Daily ETF is trading at $16.56, down 19.26% on the session. The 50 day average sits at $30.61 and the 200 day at $27.27, which puts the stock in a uptrend. RSI is at 34, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $19.35 with resistance near $28.13, so that band frames the current range. Average daily movement is roughly $2.72, or about 16.4% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 37, momentum of 20 and a risk score of 16.

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 HOOD, consistent with the fund’s investment objective. The fund is non-diversified.