Tradr 2X Short TSLA Daily ETF (TSLQ)

Tradr 2X Short TSLA Daily ETF is trading at $22.96, up 1.75% on the session. The 50 day average sits at $21.05 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 46.3, which reads as neutral, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $17.59 with resistance near $29.76, so that band frames the current range. Average daily movement is roughly $1.82, or about 7.9% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 75, momentum of 60 and a risk score of 16.

Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide inverse exposure to two times the daily performance of TSLA. It is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve on a daily basis, before fees and expenses, -200% performance of TSLA for a single day, not for any other period, by entering into one or more swaps on TSLA. The fund is non-diversified.