(AAPX) Etf Opportunities Trust - T - Ratings and Ratios

The ETF Opportunities Trust - T Rex 2x Long Apple Daily Target ETF (AAPX) is designed to provide investors with 200% daily exposure to Apple Inc. (AAPL). Under normal market conditions, the fund invests at least 80% of its net assets in swap agreements, which are financial contracts with major global financial institutions. These swap agreements are structured to deliver twice the daily return of AAPL, allowing investors to amplify their exposure to Apples stock performance. The fund is non-diversified, meaning it concentrates its investments in a limited number of securities, which can increase risk but also potentially enhance returns for leveraged strategies.

From a technical standpoint, AAPX has shown a recent price of $24.20, with key moving averages indicating potential trends. The 20-day SMA is at $28.65, the 50-day SMA is at $28.57, and the 200-day SMA is at $27.32. These moving averages suggest that the fund is currently trading below its longer-term averages, which could indicate a bearish trend or a consolidation phase. The Average True Range (ATR) of $1.43 reflects moderate volatility, which is typical for leveraged ETFs. The average 20-day volume of 55,160 shares indicates moderate trading activity, which may impact liquidity during periods of high market stress.

Looking ahead, the funds performance over the next three months will likely depend on the direction of AAPLs stock price and broader market conditions. If AAPL continues to face headwinds, such as supply chain disruptions or macroeconomic uncertainty, AAPX could experience further declines. Conversely, if Apples fundamentals improve or market sentiment shifts positively, AAPX could rebound sharply due to its 2x leverage. The funds AUM of $6.55 million suggests it is a smaller ETF, which may lead to higher volatility and wider bid-ask spreads compared to larger leveraged ETFs. Investors should be aware that leveraged ETFs like AAPX are designed for short-term trading and are not suitable for long-term holding due to daily rebalancing and the potential for compounding losses during periods of high volatility.