Defiance Daily Target 2X Long RGTI ETF (RGTX)

Defiance Daily Target 2X Long RGTI ETF is trading at $12.57, down 4.92% on the session. The 50 day average sits at $15.68 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 56, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $12.78 with resistance near $25.80, so that band frames the current range. Average daily movement is roughly $1.91, or about 15.2% of the share price, which is what any stop placement has to allow for. The overall health score of 45 out of 100 combines a trend score of 25, momentum of 88 and a risk score of 16.

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.