T-REX 2X Long SKHY Daily Target ETF (HYNX)

T-REX 2X Long SKHY Daily Target ETF is trading at $23.06, up 2.31% on the session. The 50 day average sits at $n/a and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 43.5, which reads as weak, and MACD is unknown. Volume is below average.

The nearest support is around $20.96 with resistance near $24.07, so that band frames the current range. Average daily movement is roughly $3.12, or about 13.5% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 50, momentum of 52 and a risk score of 16.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of the Reference Asset on a daily basis. It is non-diversified.