Mutual Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
RYDEX SERIES TRUST BIOTECH FUND INVESTOR CL (NASDAQ:RYOIX)
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 RYOIX
The long term trend has been UP since Jan 23rd, 2018 at 94.93
The intermediate term trend has been DOWN since Mar 22nd, 2018 at 89.62
The short term trend has been DOWN since Mar 27th, 2018 at 87.11
Smart Scan Analysis for RYOIX
Based on a pre-defined weighted trend formula for chart analysis, RYOIX scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||98.1||52wk High Date||2018-01-29|
|52wk Low||82.29||52wk Low Date||2018-04-06|
|Year End Close||87.26|