Simplify Managed Futures Strategy ETF (CTA)

Simplify Managed Futures Strategy ETF is trading at $27.96, up 0.29% on the session. The 50 day average sits at $27.01 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 53, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $26.09 with resistance near $27.34, so that band frames the current range. Average daily movement is roughly $0.59, or about 2.1% of the share price, which is what any stop placement has to allow for. The overall health score of 58 out of 100 combines a trend score of 48, momentum of 68 and a risk score of 58.

Under normal market conditions, the fund invests in a portfolio of equity, U.S. Treasury, commodity, and foreign exchange futures contracts (collectively, “Futures Contracts”). Typically, it will not invest directly in commodity futures contracts. The Advisor expects to gain exposure to these investments by investing up to 25% of its assets in a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the “Subsidiary”).