Leverage Shares 2X Long ADBE Daily ETF (ADBG)

Leverage Shares 2X Long ADBE Daily ETF is trading at $4.64, up 11.81% on the session. The 50 day average sits at $4.32 and the 200 day at $4.75, which puts the stock in a downtrend. RSI is at 63.9, which reads as strong, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $4.25 with resistance near $4.65, so that band frames the current range. Average daily movement is roughly $0.29, or about 6.2% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 34, momentum of 94 and a risk score of 36.

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 ADBE, consistent with the fund’s investment objective. The fund is non-diversified.