Defiance Daily Target 2X Long IONQ ETF (IONX)

Defiance Daily Target 2X Long IONQ ETF is trading at $30.03, down 0.92% on the session. The 50 day average sits at $39.25 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 55.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $18.86 with resistance near $70.00, so that band frames the current range. Average daily movement is roughly $4.46, or about 14.8% 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 25, momentum of 88 and a risk score of 12.

The fund is an actively managed ETF that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.