Defiance Daily Target 2X Short PLTR ETF (PLTZ)

Defiance Daily Target 2X Short PLTR ETF is trading at $7.74, down 0.64% on the session. The 50 day average sits at $11.70 and the 200 day at $25.23, which puts the stock in a downtrend. RSI is at 33.8, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $7.34 with resistance near $8.13, so that band frames the current range. Average daily movement is roughly $0.72, or about 9.3% of the share price, which is what any stop placement has to allow for. The overall health score of 29 out of 100 combines a trend score of 0, momentum of 49 and a risk score of 46.

The fund is an actively managed exchange traded fund that attempts to achieve 2 times the inverse (-200%) of the daily percentage change in the price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.