GraniteShares 2x Long SpaceX Daily ETF (SPAL)

GraniteShares 2x Long SpaceX Daily ETF is trading at $16.29, down 1.81% on the session. The 50 day average sits at $n/a and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 48.1, which reads as neutral, and MACD is bullish crossover. Volume is average.

The nearest support is around $9.60 with resistance near $26.05, so that band frames the current range. Average daily movement is roughly $2.44, or about 15.0% of the share price, which is what any stop placement has to allow for. The overall health score of 47 out of 100 combines a trend score of 50, momentum of 69 and a risk score of 12.

The fund will aim to primarily obtain its notional exposure against the Underlying Stock through swap agreements. The fund manager has adopted a policy to have at least 80% of its investment exposure to financial instruments with economic characteristics that should have 2 times the performance of the Underlying Stock.