Leverage Shares 2X Long CRCL Daily ETF (CRCG)

Leverage Shares 2X Long CRCL Daily ETF is trading at $10.59, down 4.77% on the session. The 50 day average sits at $10.88 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 51.7, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $8.42 with resistance near $11.01, so that band frames the current range. Average daily movement is roughly $1.46, or about 13.7% of the share price, which is what any stop placement has to allow for. The overall health score of 48 out of 100 combines a trend score of 45, momentum of 78 and a risk score of 12.

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.