Defiance Daily Target 2X Long ONDS ETF (ONDL)

Defiance Daily Target 2X Long ONDS ETF is trading at $8.75, down 0.34% on the session. The 50 day average sits at $8.91 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 53.4, which reads as neutral, and MACD is bullish crossover. Volume is above average.

The nearest support is around $6.91 with resistance near $9.58, so that band frames the current range. Average daily movement is roughly $1.36, or about 15.6% of the share price, which is what any stop placement has to allow for. The overall health score of 40 out of 100 combines a trend score of 25, momentum of 78 and a risk score of 12.

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.