Leverage Shares 2X Long TSLA Daily ETF (TSLG)

Leverage Shares 2X Long TSLA Daily ETF is trading at $4.20, down 1.64% on the session. The 50 day average sits at $5.46 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 45.9, which reads as neutral, and MACD is bullish crossover. Volume is average.

The nearest support is around $3.32 with resistance near $6.94, so that band frames the current range. Average daily movement is roughly $0.37, or about 8.9% of the share price, which is what any stop placement has to allow for. The overall health score of 33 out of 100 combines a trend score of 25, momentum of 54 and a risk score of 16.

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics, that, in combination, provide 200% daily leveraged exposure to the price of TSLA, consistent with the fund’s investment objective. The fund is non-diversified.