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Mutual Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Rydex Dynamic Fds, Inverse Dynamic S&P 500 Fund A Class (NASDAQ:RYTMX)
Sidelines Mode (-55) - RYTMX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RYTMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYTMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RYTMX
The long-term trend has been DOWN since Dec 1st, 2023 at 36.79
The intermediate-term trend has been DOWN since Nov 8th, 2023 at 39.87
The short-term trend has been UP since Apr 10th, 2024 at 28.29
Smart Scan Analysis for RYTMX
Based on our trend formula, RYTMX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 28.76 | 28.76 | 28.76 | 30.55 | -0.41 |
| Prev. Close | Volume | Bid | Ask | Time |
| 30.05 | 0 | 28.35 | 29.76 | 2024-04-11 18:25:00 |
| 52wk High | 47.31 | 52wk High Date | 2023-10-27 |
| 52wk Low | 27.68 | 52wk Low Date | 2024-03-28 |
| Year End Close | 32.92 |