Tradr 2X Long IREN Daily ETF (IREX)

Tradr 2X Long IREN Daily ETF is trading at $15.40, down 13.14% on the session. The 50 day average sits at $22.37 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 50.5, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $15.44 with resistance near $19.22, so that band frames the current range. Average daily movement is roughly $3.22, or about 20.9% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 25, momentum of 78 and a risk score of 18.

Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the daily performance of IREN. This may include IREN stock in addition to financial instruments. The fund is non-diversified.