Mutual Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
RYDEX TECH FUND - C CL (NASDAQ:RYCHX)
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 RYCHX
The long term trend has been UP since Mar 6th, 2018 at 83.18
The intermediate term trend has been DOWN since Jun 25th, 2018 at 85.30
The short term trend has been DOWN since Jul 3rd, 2018 at 83.34
Smart Scan Analysis for RYCHX
Based on a pre-defined weighted trend formula for chart analysis, RYCHX scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||87.82||52wk High Date||2018-06-14|
|52wk Low||68.51||52wk Low Date||2017-08-10|
|Year End Close||75.69|