Leverage Shares 2X Long CRCL Daily ETF (CRCG)

Leverage Shares 2X Long CRCL Daily ETF is trading at $12.66, down 6.98% on the session. The 50 day average sits at $13.80 and the 200 day at $20.49, which puts the stock in a downtrend. RSI is at 49.6, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $10.92 with resistance near $13.17, so that band frames the current range. Average daily movement is roughly $1.75, or about 13.8% of the share price, which is what any stop placement has to allow for. The overall health score of 29 out of 100 combines a trend score of 14, momentum of 54 and a risk score of 18.

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