Defiance Daily Target 2X Short SPCX ETF (SPCQ)

Defiance Daily Target 2X Short SPCX ETF is trading at $10.28, up 4.68% on the session. The 50 day average sits at $11.87 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 48.6, which reads as neutral, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $9.82 with resistance near $11.52, so that band frames the current range. Average daily movement is roughly $1.01, or about 9.9% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 25, momentum of 67 and a risk score of 24.

It has adopted a policy to have at least 80% of its net assets, plus borrowings for investment purposes, in 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.