Mutual Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
RYDEX SERIES FUNDS WEAKENING DOLLAR 2X STRATEGYFUND C CL (NASDAQ:RYWJX)
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 RYWJX
The long term trend has been DOWN since Apr 30th, 2018 at 66.94
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 60.80
The short term trend has been DOWN since Nov 8th, 2018 at 59.21
Smart Scan Analysis for RYWJX
Based on a pre-defined weighted trend formula for chart analysis, RYWJX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||72.68||52wk High Date||2018-02-01|
|52wk Low||57.62||52wk Low Date||2018-11-12|
|Year End Close||67.3|