Leverage Shares 2X Long NBIS Daily ETF (NBIG)

Leverage Shares 2X Long NBIS Daily ETF is trading at $8.41, down 24.44% on the session. The 50 day average sits at $16.91 and the 200 day at $16.56, which puts the stock in a uptrend. RSI is at 31, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $8.15 with resistance near $17.80, so that band frames the current range. Average daily movement is roughly $2.49, or about 29.6% of the share price, which is what any stop placement has to allow for. The overall health score of 29 out of 100 combines a trend score of 30, momentum of 26 and a risk score of 30.

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the underlying security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of NBIS, consistent with the fund’s investment objective. It is non-diversified.