Tradr 2X Short SpaceX Daily ETF (SPCG)

Tradr 2X Short SpaceX Daily ETF is trading at $18.02, up 6.50% 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 40.7, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $16.88 with resistance near $23.56, so that band frames the current range. Average daily movement is roughly $4.42, or about 24.5% of the share price, which is what any stop placement has to allow for. The overall health score of 35 out of 100 combines a trend score of 50, momentum of 20 and a risk score of 30.

Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of SpaceX. SpaceX designs, manufacturers, and launches advanced rockets and spacecraft that are intended to be fully reusable transportation systems designed to carry both crew and cargo to earth orbit, the moon, mars and beyond. It is non-diversified.