Defiance Daily Target 2X Long AVGO ETF (AVGX)

Defiance Daily Target 2X Long AVGO ETF is trading at $45.15, down 6.81% on the session. The 50 day average sits at $49.50 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44.9, which reads as weak, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $45.67 with resistance near $50.98, so that band frames the current range. Average daily movement is roughly $4.21, or about 9.3% 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 41, momentum of 68 and a risk score of 16.

The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.