Mutual Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
RYDEX DYNAMIC FUNDS (NASDAQ:RYCBX)
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 RYCBX
The long term trend has been DOWN since Mar 1st, 2017 at 52.34
The intermediate term trend has been UP since Mar 22nd, 2018 at 38.70
The short term trend has been DOWN since Mar 26th, 2018 at 41.17
Smart Scan Analysis for RYCBX
Based on a pre-defined weighted trend formula for chart analysis, RYCBX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||45.89||52wk High Date||2017-09-25|
|52wk Low||31.79||52wk Low Date||2018-08-29|
|Year End Close||39.65|