Leverage Shares 2X Long SK Hynix Daily ETF (SKHX)

Leverage Shares 2X Long SK Hynix Daily ETF is trading at $9.77, up 4.94% on the session. The 50 day average sits at $14.86 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 33.4, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $9.66 with resistance near $14.63, so that band frames the current range. Average daily movement is roughly $1.39, or about 14.3% of the share price, which is what any stop placement has to allow for. The overall health score of 27 out of 100 combines a trend score of 25, momentum of 26 and a risk score of 30.

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the underlying security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the underlying security, on a daily basis, consistent with the fund’s investment objective. It is non-diversified.