Mutual Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
RYDEX SERIES FUNDS BANKING FUND CL A (NASDAQ:RYBKX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RYBKX
The long term trend has been DOWN since Mar 23rd, 2018 at 77.26
The intermediate term trend has been DOWN since Sep 10th, 2018 at 80.43
The short term trend has been UP since Nov 26th, 2018 at 71.47
Smart Scan Analysis for RYBKX
Based on a pre-defined weighted trend formula for chart analysis, RYBKX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||84.9||52wk High Date||2018-01-26|
|52wk Low||67.89||52wk Low Date||2018-10-24|
|Year End Close||78.69|