T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ)

T-Rex 2X Inverse NVIDIA Daily Target ETF is trading at $8.25, up 2.36% on the session. The 50 day average sits at $8.90 and the 200 day at $12.80, which puts the stock in a downtrend. RSI is at 44.8, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $8.05 with resistance near $8.69, so that band frames the current range. Average daily movement is roughly $0.42, or about 5.1% of the share price, which is what any stop placement has to allow for. The overall health score of 32 out of 100 combines a trend score of 0, momentum of 48 and a risk score of 62.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% inverse (opposite) exposure to the price performance of NVDA on a daily basis. The fund is non-diversified.