Leverage Shares 2X Long CRWV Daily ETF (CRWG)

Leverage Shares 2X Long CRWV Daily ETF is trading at $24.40, down 16.69% on the session. The 50 day average sits at $25.88 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 59.6, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $27.66 with resistance near $48.85, so that band frames the current range. Average daily movement is roughly $4.24, or about 17.4% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 45, momentum of 88 and a risk score of 24.

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