Defiance Daily Target 2X Long RGTI ETF (RGTX)

Defiance Daily Target 2X Long RGTI ETF is trading at $5.22, up 6.75% on the session. The 50 day average sits at $9.46 and the 200 day at $20.66, which puts the stock in a downtrend. RSI is at 31, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $4.51 with resistance near $11.37, so that band frames the current range. Average daily movement is roughly $0.91, or about 17.4% of the share price, which is what any stop placement has to allow for. The overall health score of 14 out of 100 combines a trend score of 0, momentum of 26 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.