Defiance Daily Target 2X Short SPCX ETF (SPCQ)

Defiance Daily Target 2X Short SPCX ETF is trading at $12.78, up 3.48% 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 40.5, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $13.25 with resistance near $18.67, so that band frames the current range. Average daily movement is roughly $3.39, or about 26.5% 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.

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.