Defiance Daily Target 2X Short RKLB ETF (RKLZ)

Defiance Daily Target 2X Short RKLB ETF is trading at $2.95, up 6.50% on the session. The 50 day average sits at $3.64 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 39.4, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $2.51 with resistance near $3.25, so that band frames the current range. Average daily movement is roughly $0.64, or about 21.6% of the share price, which is what any stop placement has to allow for. The overall health score of 35 out of 100 combines a trend score of 55, momentum of 20 and a risk score of 22.

The fund is an actively managed exchange traded fund, the management 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.