Leverage Shares 2X Long GLW Daily ETF (GLWG)

Leverage Shares 2X Long GLW Daily ETF is trading at $15.16, down 15.96% on the session. The 50 day average sits at $21.72 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 48.7, which reads as neutral, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $13.89 with resistance near $17.59, so that band frames the current range. Average daily movement is roughly $2.69, or about 17.7% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 25, momentum of 74 and a risk score of 12.

The fund is an actively managed ETF. It invests at least 80% of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the Underlying Security, consistent with the fund’s investment objective. The fund is non-diversified.