Mutual Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
RYDEX TRANSPORTATION - C CLASS (NASDAQ:RYCNX)
Bull Market Weakness (+75) - RYCNX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RYCNX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RYCNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYCNX
The long-term trend has been DOWN since Feb 25th, 2020 at 42.10
The intermediate-term trend has been UP since Apr 9th, 2020 at 31.72
The short-term trend has been UP since May 18th, 2020 at 32.64
Smart Scan Analysis for RYCNX
Based on our trend formula, RYCNX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||46.27||52wk High Date||2020-02-20|
|52wk Low||25.69||52wk Low Date||2020-03-18|
|Year End Close||43|