Mutual Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
RYDEX SERIES FUNDS COMMODITIES STRATEGY FUND A CL (NASDAQ:RYMEX)
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 RYMEX
The long term trend has been DOWN since Nov 8th, 2018 at 89.16
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 94.99
The short term trend has been UP since Nov 16th, 2018 at 86.45
Smart Scan Analysis for RYMEX
Based on a pre-defined weighted trend formula for chart analysis, RYMEX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||100.36||52wk High Date||2018-10-03|
|52wk Low||83.26||52wk Low Date||2017-12-13|
|Year End Close||88.34|