(TSLT) T-REX 2X Long Tesla Daily - Ratings and Ratios

The T-REX 2X Long Tesla Daily Target ETF (NASDAQ:TSLT) is a leveraged equity ETF designed to provide 200% daily exposure to Tesla, Inc. (TSLA). Under normal conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in swap agreements with major global financial institutions. These swaps are structured to deliver twice the daily return of TSLA, enabling investors to amplify their exposure to Teslas stock performance. The fund is non-diversified, meaning it can concentrate its investments in a limited number of securities, and its strategy involves daily rebalancing to maintain its 2x leverage.

From a technical standpoint, TSLT is currently trading at $17.05, below its 20-day SMA of $27.48 and 50-day SMA of $35.38, indicating bearish momentum. The 200-day SMA of $21.53 suggests longer-term downside pressure. Average daily volume over the past 20 days is approximately 3.26 million shares, with an ATR of $3.50, reflecting moderate volatility. Key resistance levels are at $18.1, $30.1, $38.7, and $50.2, while the primary support level is at $10.9.

Over the next three months, TSLT is expected to remain highly volatile, with price action influenced by broader market conditions and TSLAs performance. Based on current technical indicators, the fund may face resistance at $18.1 and $30.1, with potential downside risk if it fails to breach these levels. Support at $10.9 could act as a floor, but a breakdown below this level may signal further weakness. The funds AUM of $389.76 million reflects moderate investor interest, but its leveraged nature makes it sensitive to sharp market movements. Investors should monitor the 20-day and 50-day SMAs for signs of trend reversal or continuation.