Mutual Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
RYDEX DYNAMIC FUNDS (NASDAQ:RYCBX)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 RYCBX
The long term trend has been UP since Oct 24th, 2018 at 36.83
The intermediate term trend has been DOWN since Nov 7th, 2018 at 33.94
The short term trend has been DOWN since Nov 15th, 2018 at 35.67
Smart Scan Analysis for RYCBX
Based on a pre-defined weighted trend formula for chart analysis, RYCBX scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||42.66||52wk High Date||2017-11-20|
|52wk Low||31.38||52wk Low Date||2018-09-20|
|Year End Close||39.65|