Leverage Shares 2X Long SPCX Daily ETF (SPCH)

Leverage Shares 2X Long SPCX Daily ETF is trading at $7.59, down 12.86% on the session. The 50 day average sits at $9.88 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 36, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $6.26 with resistance near $10.30, so that band frames the current range. Average daily movement is roughly $0.97, or about 12.8% of the share price, which is what any stop placement has to allow for. The overall health score of 32 out of 100 combines a trend score of 52, momentum of 20 and a risk score of 16.

The fund is an actively managed ETF. It invests at least 80% of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the Underlying Security, on a daily basis, consistent with the fund’s investment objective. The fund is non-diversified.