Tema Memory ETF (DISK)

Tema Memory ETF is trading at $27.83, down 8.15% on the session. The 50 day average sits at $36.85 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 33, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $28.56 with resistance near $37.06, so that band frames the current range. Average daily movement is roughly $1.61, or about 5.8% of the share price, which is what any stop placement has to allow for. The overall health score of 27 out of 100 combines a trend score of 28, momentum of 20 and a risk score of 34.

The fund is an actively managed ETF that under normal circumstances seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks and American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) of publicly listed companies that Tema ETFs LLC (the “Adviser”) determines are “Memory Companies.” It is non-diversified.