Defiance Daily Target 2X Short MSTR ETF (SMST)

Defiance Daily Target 2X Short MSTR ETF is trading at $16.09, up 17.62% on the session. The 50 day average sits at $20.84 and the 200 day at $47.96, which puts the stock in a downtrend. RSI is at 42.1, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $12.19 with resistance near $13.62, so that band frames the current range. Average daily movement is roughly $2.18, or about 13.6% of the share price, which is what any stop placement has to allow for. The overall health score of 27 out of 100 combines a trend score of 0, momentum of 63 and a risk score of 18.

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.