Defiance Daily Target 2X Short MU ETF (MUZ)

Defiance Daily Target 2X Short MU ETF is trading at $9.85, up 15.01% on the session. The 50 day average sits at $n/a and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 38, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $8.11 with resistance near $15.01, so that band frames the current range. Average daily movement is roughly $2.18, or about 22.1% 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 50, momentum of 20 and a risk score of 28.

Fund is an actively managed exchange traded fund that attempts to achieve 2 times the inverse (-200%) of the daily percentage change in the price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. It is non-diversified.