Defiance Daily Target 2X Long RKLB ETF (RKLX)

Defiance Daily Target 2X Long RKLB ETF is trading at $23.93, down 5.64% on the session. The 50 day average sits at $32.71 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 48.2, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $16.88 with resistance near $28.52, so that band frames the current range. Average daily movement is roughly $4.09, or about 17.1% of the share price, which is what any stop placement has to allow for. The overall health score of 40 out of 100 combines a trend score of 25, momentum of 78 and a risk score of 12.

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.