Mutual Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
RYDEX SERIES FUNDS STRENGTHENING DOLLAR 2X STRATEGY FUND H CL (NASDAQ:RYSBX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 RYSBX
The long term trend has been UP since May 1st, 2018 at 45.15
The intermediate term trend has been UP since Oct 2nd, 2018 at 49.17
The short term trend has been DOWN since Nov 1st, 2018 at 50.68
Smart Scan Analysis for RYSBX
Based on a pre-defined weighted trend formula for chart analysis, RYSBX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||51.11||52wk High Date||2018-10-31|
|52wk Low||41.73||52wk Low Date||2018-02-01|
|Year End Close||45.18|