Defiance Daily Target 2X Short MSTR ETF (SMST)

Defiance Daily Target 2X Short MSTR ETF is trading at $56.23, up 6.26% on the session. The 50 day average sits at $58.71 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 52, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $53.83 with resistance near $64.42, so that band frames the current range. Average daily movement is roughly $6.60, or about 11.7% 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 39, momentum of 36 and a risk score of 12.

The fund advisor has adopted a policy to have at least 80% of its investment exposure to financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the underlying security. The fund is non-diversified.