Procure Space ETF (UFO)

Procure Space ETF is trading at $40.10, down 3.88% on the session. The 50 day average sits at $42.72 and the 200 day at $47.45, which puts the stock in a downtrend. RSI is at 48.8, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $38.86 with resistance near $44.44, so that band frames the current range. Average daily movement is roughly $1.11, or about 2.8% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 3, momentum of 64 and a risk score of 61.

The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.