Mutual Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
RYDEX SERIES TRUST BANKING FUND INVESTOR CL (NASDAQ:RYKIX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 RYKIX
The long term trend has been DOWN since Mar 23rd, 2018 at 84.51
The intermediate term trend has been DOWN since Sep 10th, 2018 at 88.15
The short term trend has been DOWN since Nov 12th, 2018 at 80.42
Smart Scan Analysis for RYKIX
Based on a pre-defined weighted trend formula for chart analysis, RYKIX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||92.9||52wk High Date||2018-01-26|
|52wk Low||74.43||52wk Low Date||2018-10-24|
|Year End Close||86.09|