Defiance Quantum ETF (QTUM)

Defiance Quantum ETF is trading at $131.93, down 6.53% on the session. The 50 day average sits at $147.44 and the 200 day at $137.62, which puts the stock in a uptrend. RSI is at 48.5, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $142.90 with resistance near $150.52, so that band frames the current range. Average daily movement is roughly $3.50, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 57, momentum of 38 and a risk score of 77.

The fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the index. The index consists of a modified equal-weighted portfolio of the stock of companies whose business activities, products, and/or services relate to the development of quantum computing and machine learning technology.