Roundhill Memory ETF (DRAM)

Roundhill Memory ETF is trading at $54.72, down 4.32% on the session. The 50 day average sits at $57.37 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 39.7, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $54.29 with resistance near $55.45, so that band frames the current range. Average daily movement is roughly $2.37, or about 4.3% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 44, momentum of 26 and a risk score of 68.

The fund will generally seek to invest primarily in the equity securities of “Memory Companies,” but may also seek exposure to Memory Companies through derivative instruments, such as swap agreements and forward contracts. Under normal circumstances, it invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities or instruments (i.e., swap agreements or forward contracts) that provide exposure to Memory Companies. The fund is non-diversified.