Leverage Shares 2X Long GLW Daily ETF (GLWG)

Leverage Shares 2X Long GLW Daily ETF is trading at $10.85, down 9.81% on the session. The 50 day average sits at $14.08 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 43.3, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $11.86 with resistance near $14.56, so that band frames the current range. Average daily movement is roughly $1.51, or about 13.9% of the share price, which is what any stop placement has to allow for. The overall health score of 29 out of 100 combines a trend score of 25, momentum of 34 and a risk score of 30.

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.