T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ)

T-Rex 2X Inverse Tesla Daily Target ETF is trading at $9.49, up 3.96% on the session. The 50 day average sits at $11.78 and the 200 day at $13.12, which puts the stock in a downtrend. RSI is at 38.3, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $9.41 with resistance near $12.41, so that band frames the current range. Average daily movement is roughly $0.82, or about 8.7% of the share price, which is what any stop placement has to allow for. The overall health score of 20 out of 100 combines a trend score of 0, momentum of 28 and a risk score of 42.

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% inverse (opposite) exposure to the price performance of TSLA on a daily basis. The fund is non-diversified.