Leverage Shares 2X Long SNDK Daily ETF (SNDG)

Leverage Shares 2X Long SNDK Daily ETF is trading at $8.46, down 3.64% on the session. The 50 day average sits at $9.06 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 42, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $7.96 with resistance near $11.10, so that band frames the current range. Average daily movement is roughly $1.12, or about 13.2% of the share price, which is what any stop placement has to allow for. The overall health score of 30 out of 100 combines a trend score of 41, momentum of 20 and a risk score of 28.

It is an actively managed ETF. 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. The fund is non-diversified.