AXS SPAC and New Issue ETF Price & Performance (SPCX)

Shares of SPAC and New Issue ETF (SPCX) rose 0.2%, closing at $23.82, as trading volume dropped 37% below average. The fund, focused on SPACs and new listings, maintains a market cap of $9.53 million. Its recent dividend cut and steady price averages suggest a cautious market sentiment.1

SPCX's technical data indicates a buy signal at $23.55, with resistance at $23.98. Traders are advised to set stop-loss levels to manage risks. The ETF's resistance tests suggest potential for short-term gains or downside risks, depending on market movements.2

SPCX presents trading strategies for day and swing traders. A break above $24 signals a buy, while resistance at $23.98 suggests shorting opportunities. These levels indicate varied strategies based on resistance and support, allowing traders to adapt to market fluctuations.2