Mutual Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Rydex Dynamic Fds, Inverse S&P 500 2x Strategy Fd Cl H (NASDAQ:RYTPX)
Long-Term Downtrend (-90) - RYTPX is in a strong downtrend that is likely to continue. While RYTPX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RYTPX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYTPX.
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 RYTPX
The long-term trend has been DOWN since Dec 1st, 2023 at 36.94
The intermediate-term trend has been DOWN since Nov 8th, 2023 at 40.02
The short-term trend has been DOWN since Mar 7th, 2024 at 28.96
Smart Scan Analysis for RYTPX
Based on our trend formula, RYTPX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
28.63 | 28.63 | 28.63 | 28.83 | +0.16 |
Prev. Close | Volume | Bid | Ask | Time |
29.19 | 0 | 28.79 | 28.79 | 2024-03-14 20:00:00 |
52wk High | 48.11 | 52wk High Date | 2023-03-17 |
52wk Low | 28.51 | 52wk Low Date | 2024-03-12 |
Year End Close | 33.06 | Payment Date | 2016-11-07 |