Mutual Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
RYDEX SERIES FUNDS (NASDAQ:RYCLX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 RYCLX
The long term trend has been DOWN since Nov 14th, 2016 at 24.96
The intermediate term trend has been DOWN since Sep 11th, 2017 at 21.95
The short term trend has been UP since Nov 7th, 2017 at 20.71
Smart Scan Analysis for RYCLX
Based on a pre-defined weighted trend formula for chart analysis, RYCLX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23.29||52wk High Date||2017-01-19|
|52wk Low||19.25||52wk Low Date||2018-01-12|
|Year End Close||19.93|