Defiance Daily Target 2X Long ORCL ETF (ORCX)

Defiance Daily Target 2X Long ORCL ETF is trading at $15.94, down 12.66% on the session. The 50 day average sits at $19.78 and the 200 day at $28.81, which puts the stock in a downtrend. RSI is at 44, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $14.33 with resistance near $20.11, so that band frames the current range. Average daily movement is roughly $1.99, or about 12.5% of the share price, which is what any stop placement has to allow for. The overall health score of 20 out of 100 combines a trend score of 0, momentum of 45 and a risk score of 18.

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.