OPEG:NASDAQLeverage Shares 2X Long OPEN Daily ETF analysis

Leverage Shares 2X Long OPEN Daily ETF is priced at $0.7256 and its moving averages line up in bearish order, the shorter trailing the longer. Over a rolling month the price has lost 58.3%. RSI sits at 32.4, which reads as approaching oversold, and MACD momentum is bullish. Price has been bracketed by support at $0.6280 and resistance at $1.36.
The 0.75% expense ratio is middling for its category, and the fund manages $1.2M in assets.
Risk scores 8 out of 10, which is high for this asset class. With 30-day volatility of 133.5%, a beta of 5.32 and a maximum drawdown of 95.6%, position sizing matters more than entry timing here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 86 on the fear-greed composite.
The horizons line up on hold — conviction 2 out of 10.