Tradr 2X Short Iren Daily ETF (IREZ)

Tradr 2X Short Iren Daily ETF is trading at $22.76, up 17.20% on the session. The 50 day average sits at $12.37 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 58.9, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $9.15 with resistance near $24.83, so that band frames the current range. Average daily movement is roughly $2.69, or about 11.8% of the share price, which is what any stop placement has to allow for. The overall health score of 63 out of 100 combines a trend score of 72, momentum of 88 and a risk score of 12.

Under normal market circumstances, the advisor will maintain at least 80% exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of IREN. investing directly in the common stock of IREN. The fund is non-diversified.