Mutual Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
RYDEX SERIES FUNDS ENERGY FUND CL A (NASDAQ:RYENX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 RYENX
The long term trend has been DOWN since Aug 15th, 2018 at 76.38
The intermediate term trend has been UP since Sep 24th, 2018 at 78.60
The short term trend has been UP since Sep 18th, 2018 at 76.83
Smart Scan Analysis for RYENX
Based on a pre-defined weighted trend formula for chart analysis, RYENX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||83.01||52wk High Date||2018-05-21|
|52wk Low||66.01||52wk Low Date||2017-10-25|
|Year End Close||73.7||Payment Date||2007-12-28|