Leverage Shares 2X Long CRM Daily ETF (CRMG)

Leverage Shares 2X Long CRM Daily ETF is trading at $6.24, up 7.32% on the session. The 50 day average sits at $4.92 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.3, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $5.37 with resistance near $7.59, so that band frames the current range. Average daily movement is roughly $0.47, or about 7.6% of the share price, which is what any stop placement has to allow for. The overall health score of 66 out of 100 combines a trend score of 75, momentum of 88 and a risk score of 22.

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 CRM, consistent with the fund’s investment objective. The fund is non-diversified.