DKNX:NASDAQDefiance Daily Target 2X Long DKNG ETF Analysis
Data as of 2026-09-15 - not real-time
$16.71
Latest Price
6/10Risk
Risk Level: Medium
Executive Summary
The moving-average structure behind Defiance Daily Target 2X Long DKNG ETF is bullish at $16.71, with short-term averages leading the long-term ones. The last 30 days have lost 11.2%. RSI sits at 43.0, which reads as neutral, and MACD momentum is neutral. The recent range runs from support at $13.39 up to resistance at $20.20.
The 1.29% expense ratio is expensive for its category, and the fund manages $3.5M in assets.
Risk scores 6 out of 10, which is elevated for this asset class. With a beta of 0.90 and a maximum drawdown of 25.4%, position sizing matters here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 91 on the fear-greed composite.
All three time horizons resolve to hold, carrying 2/10 conviction.
The 1.29% expense ratio is expensive for its category, and the fund manages $3.5M in assets.
Risk scores 6 out of 10, which is elevated for this asset class. With a beta of 0.90 and a maximum drawdown of 25.4%, position sizing matters here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 91 on the fear-greed composite.
All three time horizons resolve to hold, carrying 2/10 conviction.
Top Market Events
24dDefiance ETFs Announces Closure of Select FundsTidal Financial Group and Defiance ETFs today announced their...
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 2/10
Key Factors
- Short-term moving averages stacked above long-term ones
- Trading below the 200-day average of 17.47
- 30-day price change of -11.2%
Medium Term
1–3 yearsNeutral
Model confidence: 2/10
Key Factors
- Short-term moving averages stacked above long-term ones
- Trading below the 200-day average of 17.47
- 30-day price change of -11.2%
Long Term
> 3 yearsNeutral
Model confidence: 2/10
Key Factors
- High expense ratio of 1.29%
- Thin trading liquidity raises execution risk
- Maximum drawdown of 25.4%
Key Metrics & Analysis
Fund Metrics
Expense Ratio1.29%
AUM$3.5M
Inception Date2025-07-30
Avg Daily Volume4,770
Premium/Discount0.00%
Tracking Error0.00%
Technical Analysis
TrendBullish
RSI43.0
Support$13.39
Resistance$20.20
MA 20$17.63
MA 200$17.47
MACDNeutral
VolumeDecreasing
Fear & Greed Index90.89
Risk Assessment
Beta0.90
Sector RiskMedium
Currency RiskLow
Liquidity RiskHigh
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.