Tradr 2X Short TSLA Daily ETF (TSLQ)

Tradr 2X Short TSLA Daily ETF is trading at $14.78, up 1.72% on the session. The 50 day average sits at $18.30 and the 200 day at $20.42, which puts the stock in a downtrend. RSI is at 35.5, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $14.02 with resistance near $19.61, so that band frames the current range. Average daily movement is roughly $1.28, or about 8.7% 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 0, momentum of 20 and a risk score of 28.

Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide inverse exposure to two times the daily performance of TSLA. It is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve on a daily basis, before fees and expenses, -200% performance of TSLA for a single day, not for any other period, by entering into one or more swaps on TSLA. The fund is non-diversified.