Defiance Daily Target 2X Short PLTR ETF (PLTZ)

Defiance Daily Target 2X Short PLTR ETF is trading at $7.57, up 10.19% on the session. The 50 day average sits at $8.13 and the 200 day at $23.74, which puts the stock in a downtrend. RSI is at 41.3, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $6.48 with resistance near $7.90, so that band frames the current range. Average daily movement is roughly $0.61, or about 8.1% of the share price, which is what any stop placement has to allow for. The overall health score of 23 out of 100 combines a trend score of 0, momentum of 45 and a risk score of 28.

The fund is an actively managed exchange traded fund that attempts to achieve 2 times the inverse (-200%) of the daily percentage change in the price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.