SNXX Tradr 2X Long SNDK Daily ETF
Tradr 2X Long SNDK Daily ETF (SNXX) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on BATS. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Mid-channel, rising on both timeframes
Price is between the two trend lines. Nothing to act on yet.
The next few months are read from the last 12 months, not the last 7 months: that channel fits this stock's recent turns at least as well (48% against 48%) and it is the one price is respecting now. The last 7 months stay as context: rising, more than +100% a year. The nearest ceiling overhead is US$24.07, from the last 12 months. What would overturn this: a close below US$8.34 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 7 months read from
- US$8.35 – US$24.12 Rising channel, more than +100% a year
- Position in that channel
- 31% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -85% from US$46.1722 June 2026 → 29 July 2026
- Whose problem it was
- This company1 of 3 Asset Management - Leveraged peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 22%of what it lost
- What the record says
- 36% of 238 comparable falls came back, typically in 179 days measured across every stock we hold history for, its peer group being too small
The trend broke in June 2026: price fell 85% from 46.17 to 6.84 by July 2026, and has regained 22% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. What happens next is not settled: falls of about 85% here have come back to the old high 36% of the time (238 comparable falls), typically in 179 days, which is too close to a coin toss to price a recovery from.
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (7 months)
- Lower trend line (7 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because the entry we trade has not come up here often enough to have a record. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$8.47
level as at 17 Sept 2026
Our target
US$45.40
by 16 Dec 2026
Projected move
436.2%
gross, before costs
Price sits between our buy level and our target.
- Upper line touches
- 3
- Lower line touches
- 2
- Fit confidence
- 48%
- Fitted
- 11 Sept 2026
About Tradr 2X Long SNDK Daily ETF
The SNXX fund aims to generate gains by taking a bullish stance on Sandisk Corporation (NASDAQ: SNDK) shares, primarily through the use of swap agreements and listed call options. Direct investment in SNDK stock is also a possible strategy for the fund. Sandisk is a technology firm specializing in the creation, production, and supply of storage solutions leveraging NAND flash technology, with a product portfolio encompassing items like solid state drives, various memory cards, and USB flash drives. Through daily rebalancing, SNXX strives to achieve daily leveraged exposure, targeting a return equivalent to twice the daily percentage movement of SNDK's share price. It's important to note that holding the fund for more than one day may lead to returns diverging significantly from the targeted 200%, primarily due to the effects of volatility and compounding. For collateral purposes, the fund intends to allocate capital to US Government securities, money market instruments, short-term bond exchange-traded funds, and corporate debt.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- CEO
- Parker Binion
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$2.07B
- Enterprise value
- —
- Beta
- 0.00
- Avg volume
- 77.59M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 3.13875-49.34
- Exchange
- CBOE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.