Leverage Shares 2X Long ARM Daily ETF (ARMG)

Leverage Shares 2X Long ARM Daily ETF is trading at $17.55, down 14.39% on the session. The 50 day average sits at $30.90 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 46.9, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $19.64 with resistance near $24.98, so that band frames the current range. Average daily movement is roughly $3.75, or about 21.4% of the share price, which is what any stop placement has to allow for. The overall health score of 43 out of 100 combines a trend score of 36, momentum of 70 and a risk score of 16.

The fund is an actively managed ETF. It 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 ARM, consistent with the fund’s investment objective. The fund is non-diversified.