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

Leverage Shares 2X Long SK Hynix Daily ETF is trading at $12.74, down 8.41% on the session. The 50 day average sits at $15.02 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 36.7, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $12.53 with resistance near $14.45, so that band frames the current range. Average daily movement is roughly $1.52, or about 11.9% of the share price, which is what any stop placement has to allow for. The overall health score of 31 out of 100 combines a trend score of 41, momentum of 20 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.