Defiance Daily Target 2X Long MSTR ETF (MSTX)

Defiance Daily Target 2X Long MSTR ETF is trading at $13.18, down 12.54% on the session. The 50 day average sits at $9.48 and the 200 day at $28.83, which puts the stock in a downtrend. RSI is at 60.5, which reads as strong, and MACD is bullish crossover. Volume is above average.

The nearest support is around $13.59 with resistance near $19.40, so that band frames the current range. Average daily movement is roughly $1.59, or about 12.0% of the share price, which is what any stop placement has to allow for. The overall health score of 51 out of 100 combines a trend score of 36, momentum of 88 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.