Mutual Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
RYDEX SERIES FUNDS WEAKENING DOLLAR 2X STRATEGY FUND H CL (NASDAQ:RYWBX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 RYWBX
The long term trend has been DOWN since Apr 30th, 2018 at 74.44
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 67.96
The short term trend has been UP since Nov 28th, 2018 at 65.24
Smart Scan Analysis for RYWBX
Based on a pre-defined weighted trend formula for chart analysis, RYWBX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||80.87||52wk High Date||2018-02-01|
|52wk Low||64.48||52wk Low Date||2018-11-12|
|Year End Close||74.83|