Defiance Daily Target 2X Long SMCI ETF (SMCX)

Defiance Daily Target 2X Long SMCI ETF is trading at $7.50, down 16.48% on the session. The 50 day average sits at $12.32 and the 200 day at $15.00, which puts the stock in a downtrend. RSI is at 35.7, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $7.41 with resistance near $10.69, so that band frames the current range. Average daily movement is roughly $1.46, or about 19.4% of the share price, which is what any stop placement has to allow for. The overall health score of 14 out of 100 combines a trend score of 11, momentum of 20 and a risk score of 12.

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.