Leverage Shares 2X Long UNH Daily ETF (UNHG)

Leverage Shares 2X Long UNH Daily ETF is trading at $19.41, down 2.66% on the session. The 50 day average sits at $22.57 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 34.2, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $18.77 with resistance near $23.00, so that band frames the current range. Average daily movement is roughly $1.05, or about 5.4% of the share price, which is what any stop placement has to allow for. The overall health score of 31 out of 100 combines a trend score of 32, momentum of 20 and a risk score of 44.

The fund is an actively managed ETF. 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 UNH, consistent with the fund’s investment objective. The fund is non-diversified.