iShares Defense Industrials Active ETF (IDEF)

iShares Defense Industrials Active ETF is trading at $30.09, down 2.94% on the session. The 50 day average sits at $31.52 and the 200 day at $33.18, which puts the stock in a downtrend. RSI is at 40.7, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $29.61 with resistance near $30.78, so that band frames the current range. Average daily movement is roughly $0.55, or about 1.8% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 3, momentum of 53 and a risk score of 77.

Under normal market conditions, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. defense and related industrials companies and technology companies and in derivatives that provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. The fund is non-diversified.