Mutual Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
RYDEX SERIES FUNDS TELECOM FUND CL A (NASDAQ:RYTLX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 RYTLX
The long term trend has been DOWN since Sep 8th, 2017 at 43.00
The intermediate term trend has been DOWN since Oct 16th, 2017 at 43.89
The short term trend has been UP since Nov 8th, 2017 at 43.19
Smart Scan Analysis for RYTLX
Based on a pre-defined weighted trend formula for chart analysis, RYTLX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||45.17||52wk High Date||2017-06-02|
|52wk Low||41.7||52wk Low Date||2016-12-01|
|Year End Close||43.46|