Mutual Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
RYDEX SERIES FUNDS (NASDAQ:RYWYX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 RYWYX
The long term trend has been DOWN since Feb 10th, 2017 at 67.76
The intermediate term trend has been DOWN since Apr 25th, 2017 at 62.14
The short term trend has been UP since Aug 3rd, 2017 at 48.08
Smart Scan Analysis for RYWYX
Based on a pre-defined weighted trend formula for chart analysis, RYWYX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||84.72||52wk High Date||2016-12-22|
|52wk Low||42.52||52wk Low Date||2017-11-06|