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

The T-REX2X Long Tesla Daily Target ETF (NASDAQ:TSLT) is a non-diversified, leveraged exchange-traded fund (ETF) that seeks to provide 200% daily exposure to the performance of Tesla (TSLA) stock. To achieve this, the fund invests in swap agreements with major global financial institutions, effectively amplifying its exposure to TSLAs daily returns.

The funds investment strategy involves entering into one or more swap agreements, where it exchanges returns with a counterparty based on the performance of TSLA. This allows TSLT to gain exposure to TSLA without directly holding the stock, thereby achieving its 200% daily exposure target. The use of swap agreements and leverage means that the funds returns will be amplified, making it a high-risk, high-reward investment.

Given the current technical data, the funds last price is $15.46, with a 20-day simple moving average (SMA) of $12.70 and a 50-day SMA of $13.03, indicating a recent uptrend. The 200-day SMA stands at $21.45, suggesting a longer-term downtrend. The average true range (ATR) is $1.92, representing a 12.44% daily volatility. Considering the 52-week high of $54.99 and low of $9.26, TSLT has experienced significant price swings.

Combining technical and fundamental analysis, we can forecast that TSLTs performance will be heavily influenced by TSLAs daily price movements. With an AUM of $337.77M USD, the fund has a moderate size. If TSLA experiences a significant surge, TSLT is likely to benefit from its 200% daily exposure, potentially leading to a substantial increase in its price. However, if TSLA declines, TSLTs losses will be amplified. Based on the current technical indicators, a break above the 20-day SMA and 50-day SMA could signal a potential uptrend, while a failure to sustain above these levels may lead to further declines. Therefore, investors should closely monitor TSLAs performance and be prepared for potential high volatility in TSLT.