T-Rex 2X Long Tesla Daily Target ETF (TSLT)

T-Rex 2X Long Tesla Daily Target ETF is trading at $15.92, down 0.69% on the session. The 50 day average sits at $13.61 and the 200 day at $17.27, which puts the stock in a downtrend. RSI is at 62.7, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $12.68 with resistance near $16.50, so that band frames the current range. Average daily movement is roughly $1.01, or about 6.3% of the share price, which is what any stop placement has to allow for. The overall health score of 58 out of 100 combines a trend score of 50, momentum of 88 and a risk score of 30.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of TSLA on a daily basis. The fund is non-diversified.