Defiance Daily Target 2X Long ORCL ETF (ORCX)

Defiance Daily Target 2X Long ORCL ETF is trading at $19.77, up 0.10% on the session. The 50 day average sits at $20.96 and the 200 day at $32.06, which puts the stock in a downtrend. RSI is at 47, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $19.60 with resistance near $22.74, so that band frames the current range. Average daily movement is roughly $1.89, or about 9.6% of the share price, which is what any stop placement has to allow for. The overall health score of 19 out of 100 combines a trend score of 3, momentum of 30 and a risk score of 30.

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.