GraniteShares 2x Long MU Daily ETF (MULL)

GraniteShares 2x Long MU Daily ETF is trading at $16.72, down 10.64% on the session. The 50 day average sits at $21.82 and the 200 day at $17.08, which puts the stock in a uptrend. RSI is at 45, which reads as neutral, and MACD is bullish crossover. Volume is above average.

The nearest support is around $18.61 with resistance near $18.83, so that band frames the current range. Average daily movement is roughly $2.03, or about 12.1% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 41, momentum of 54 and a risk score of 34.

The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund is non-diversified.