Defiance Daily Target 2X Long SMCI ETF (SMCX)

Defiance Daily Target 2X Long SMCI ETF is trading at $15.10, down 2.14% on the session. The 50 day average sits at $11.80 and the 200 day at $16.06, which puts the stock in a downtrend. RSI is at 59.2, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $13.00 with resistance near $15.60, so that band frames the current range. Average daily movement is roughly $1.44, or about 9.6% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 50, momentum of 88 and a risk score of 18.

The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.