Defiance Daily Target 2X Long ORCL ETF (ORCX)

Defiance Daily Target 2X Long ORCL ETF is trading at $20.98, down 4.07% on the session. The 50 day average sits at $25.87 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 53.1, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $20.29 with resistance near $23.74, so that band frames the current range. Average daily movement is roughly $2.30, or about 11.0% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 25, momentum of 78 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. The fund is non-diversified.