Defiance Daily Target 2X Long MSTR ETF (MSTX)

Defiance Daily Target 2X Long MSTR ETF is trading at $12.58, down 14.39% on the session. The 50 day average sits at $16.26 and the 200 day at $20.99, which puts the stock in a downtrend. RSI is at 47, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $13.36 with resistance near $16.77, so that band frames the current range. Average daily movement is roughly $2.02, or about 16.1% of the share price, which is what any stop placement has to allow for. The overall health score of 28 out of 100 combines a trend score of 30, momentum of 30 and a risk score of 22.

The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.