Defiance Daily Target 2X Long MSTR ETF (MSTX)

Defiance Daily Target 2X Long MSTR ETF is trading at $9.96, up 27.53% on the session. The 50 day average sits at $10.26 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 40.4, which reads as weak, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $7.77 with resistance near $9.28, so that band frames the current range. Average daily movement is roughly $1.10, or about 11.1% of the share price, which is what any stop placement has to allow for. The overall health score of 38 out of 100 combines a trend score of 25, momentum of 56 and a risk score of 34.

The fund is an actively managed exchange traded fund (“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.