T-REX 2X Long SPCX Daily Target ETF (SPAX)

T-REX 2X Long SPCX Daily Target ETF is trading at $9.79, down 1.61% 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 below average.

The nearest support is around $5.79 with resistance near $15.72, so that band frames the current range. Average daily movement is roughly $1.47, 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 68 and a risk score of 12.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of SpaceX on a daily basis. The fund manager will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of SpaceX. It is non-diversified.