Leverage Shares 2X Long NBIS Daily ETF (NBIG)

Leverage Shares 2X Long NBIS Daily ETF is trading at $21.63, down 15.46% on the session. The 50 day average sits at $24.27 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 60.3, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $22.63 with resistance near $43.49, so that band frames the current range. Average daily movement is roughly $4.63, or about 21.4% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 48, momentum of 88 and a risk score of 18.

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.