Leverage Shares 2X Long CRWV Daily ETF (CRWG)

Leverage Shares 2X Long CRWV Daily ETF is trading at $6.75, down 20.21% on the session. The 50 day average sits at $17.73 and the 200 day at $30.77, which puts the stock in a downtrend. RSI is at 27.1, which reads as oversold, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $6.55 with resistance near $19.99, so that band frames the current range. Average daily movement is roughly $2.22, or about 32.9% of the share price, which is what any stop placement has to allow for. The overall health score of 20 out of 100 combines a trend score of 0, momentum of 34 and a risk score of 34.

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.