Leverage Shares 2X Long HOOD Daily ETF (HOOG)

Leverage Shares 2X Long HOOD Daily ETF is trading at $24.36, down 5.73% on the session. The 50 day average sits at $29.08 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 46.8, which reads as neutral, and MACD is bullish crossover. Volume is average.

The nearest support is around $19.86 with resistance near $25.70, so that band frames the current range. Average daily movement is roughly $2.87, or about 11.8% of the share price, which is what any stop placement has to allow for. The overall health score of 34 out of 100 combines a trend score of 36, momentum of 54 and a risk score of 4.

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