Defiance Daily Target 2X Short RGTI ETF (RGTZ)

Defiance Daily Target 2X Short RGTI ETF is trading at $2.99, up 9.52% on the session. The 50 day average sits at $4.22 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 36.2, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $2.70 with resistance near $4.49, so that band frames the current range. Average daily movement is roughly $0.64, or about 21.5% of the share price, which is what any stop placement has to allow for. The overall health score of 31 out of 100 combines a trend score of 41, momentum of 20 and a risk score of 30.

The management has adopted a policy to have at least 80% of fund's net assets, plus borrowings for investment purposes, in financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the underlying security. The fund is non-diversified.