Mutual Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
RYDEX SERIES FUNDS WEAKENING DOLLAR 2X STRATEGY FUND H CL (NASDAQ:RYWBX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 RYWBX
The long term trend has been DOWN since Apr 30th, 2018 at 74.44
The intermediate term trend has been UP since Aug 27th, 2018 at 68.64
The short term trend has been DOWN since Sep 27th, 2018 at 69.53
Smart Scan Analysis for RYWBX
Based on a pre-defined weighted trend formula for chart analysis, RYWBX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||80.87||52wk High Date||2018-02-01|
|52wk Low||66.29||52wk Low Date||2018-08-15|
|Year End Close||74.83|