Defiance Daily Target 2X Short RKLB ETF (RKLZ)

Defiance Daily Target 2X Short RKLB ETF is trading at $26.56, up 14.75% on the session. The 50 day average sits at $17.59 and the 200 day at $60.41, which puts the stock in a downtrend. RSI is at 74.8, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $18.03 with resistance near $31.50, so that band frames the current range. Average daily movement is roughly $2.31, or about 8.7% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 27, momentum of 78 and a risk score of 4.

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.