Global X Defense Tech ETF (SHLD)

Global X Defense Tech ETF is trading at $59.68, up 0.57% on the session. The 50 day average sits at $64.15 and the 200 day at $67.83, which puts the stock in a downtrend. RSI is at 33.6, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $58.46 with resistance near $63.60, so that band frames the current range. Average daily movement is roughly $0.87, or about 1.5% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 7, momentum of 52 and a risk score of 92.

The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index, which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is owned and was developed by Global X Management Company LLC, an affiliate of the fund and the fund's investment adviser. The fund is non-diversified.