GraniteShares 2x Long MRVL Daily ETF (MVLL)

GraniteShares 2x Long MRVL Daily ETF is trading at $38.44, up 0.16% on the session. The 50 day average sits at $30.09 and the 200 day at $22.96, which puts the stock in a uptrend. RSI is at 59.4, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $31.65 with resistance near $45.89, so that band frames the current range. Average daily movement is roughly $3.87, or about 10.1% of the share price, which is what any stop placement has to allow for. The overall health score of 74 out of 100 combines a trend score of 100, momentum of 88 and a risk score of 12.

The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change the underlying stock by entering into financial instruments such as swaps and options underlying stock as well as directly purchasing the underlying stock. The fund is non-diversified.