Leverage Shares 2X Long ADBE Daily ETF (ADBG)

Leverage Shares 2X Long ADBE Daily ETF is trading at $4.79, up 10.00% on the session. The 50 day average sits at $3.77 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 57.5, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $4.17 with resistance near $4.87, so that band frames the current range. Average daily movement is roughly $0.39, or about 8.1% of the share price, which is what any stop placement has to allow for. The overall health score of 67 out of 100 combines a trend score of 72, momentum of 88 and a risk score of 28.

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.