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Mutual Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
RYDEX SERIES FDS BASIC MATERIALS FUND CLASS A (NASDAQ:RYBMX)
Crossroads (-60) - RYBMX is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RYBMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYBMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RYBMX
The long-term trend has been UP since Dec 19th, 2023 at 74.26
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 76.74
The short-term trend has been DOWN since Apr 10th, 2024 at 79.27
Smart Scan Analysis for RYBMX
Based on our trend formula, RYBMX is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 76.41 | 76.41 | 76.41 | 76.66 | +0.10 |
| Prev. Close | Volume | Bid | Ask | Time |
| 76.58 | 0 | 76.51 | 80.33 | 2024-04-17 20:00:00 |
| 52wk High | 84.31 | 52wk High Date | 2024-04-09 |
| 52wk Low | 66.21 | 52wk Low Date | 2023-10-25 |
| Year End Close | 75.32 |