Defiance Daily Target 2X Long SMCI ETF (SMCX)

Defiance Daily Target 2X Long SMCI ETF is trading at $12.26, down 5.18% on the session. The 50 day average sits at $10.22 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 67.8, which reads as strong, and MACD is bullish crossover. Volume is average.

The nearest support is around $9.18 with resistance near $14.24, so that band frames the current range. Average daily movement is roughly $1.59, or about 13.0% of the share price, which is what any stop placement has to allow for. The overall health score of 54 out of 100 combines a trend score of 48, momentum of 88 and a risk score of 16.

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.