Leverage Shares 2X Long UNH Daily ETF (UNHG)

Leverage Shares 2X Long UNH Daily ETF is trading at $20.02, up 3.46% on the session. The 50 day average sits at $22.22 and the 200 day at $17.63, which puts the stock in a uptrend. RSI is at 38.5, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $18.92 with resistance near $21.10, so that band frames the current range. Average daily movement is roughly $0.89, or about 4.4% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 57, momentum of 21 and a risk score of 56.

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