Defiance Daily Target 2X Short MSTR ETF (SMST)

Defiance Daily Target 2X Short MSTR ETF is trading at $26.88, up 12.00% on the session. The 50 day average sits at $56.34 and the 200 day at $59.43, which puts the stock in a downtrend. RSI is at 33.3, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $21.87 with resistance near $55.85, so that band frames the current range. Average daily movement is roughly $6.52, or about 24.3% of the share price, which is what any stop placement has to allow for. The overall health score of 13 out of 100 combines a trend score of 3, momentum of 26 and a risk score of 10.

The fund advisor has adopted a policy to have at least 80% of its investment exposure to financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the underlying security. The fund is non-diversified.