Defiance Daily Target 2X Long ONDS ETF (ONDL)

Defiance Daily Target 2X Long ONDS ETF is trading at $3.41, down 9.79% on the session. The 50 day average sits at $6.22 and the 200 day at $15.85, which puts the stock in a downtrend. RSI is at 28.1, which reads as oversold, and MACD is bearish crossover. Volume is below average.

The nearest support is around $3.16 with resistance near $6.14, so that band frames the current range. Average daily movement is roughly $0.60, or about 17.5% of the share price, which is what any stop placement has to allow for. The overall health score of 14 out of 100 combines a trend score of 0, momentum of 28 and a risk score of 18.

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