Defiance Daily Target 2X Short PLTR ETF (PLTZ)

Defiance Daily Target 2X Short PLTR ETF is trading at $9.95, down 0.90% on the session. The 50 day average sits at $26.81 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 26.8, which reads as oversold, and MACD is bearish crossover. Volume is average.

The nearest support is around $9.23 with resistance near $31.40, so that band frames the current range. Average daily movement is roughly $2.62, or about 26.3% of the share price, which is what any stop placement has to allow for. The overall health score of 24 out of 100 combines a trend score of 25, momentum of 28 and a risk score of 18.

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.