Leverage Shares 2X Long CBRS Daily ETF (CBRG)

Leverage Shares 2X Long CBRS Daily ETF is trading at $1.64, down 10.16% on the session. The 50 day average sits at $3.49 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 30.6, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $1.60 with resistance near $3.91, so that band frames the current range. Average daily movement is roughly $0.41, or about 25.1% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 25, momentum of 20 and a risk score of 34.

The fund invests at least 80% of its net assets in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the underlying security, on a daily basis, consistent with the fund’s investment objective. It is non-diversified.