Mutual Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
RYDEX SERIES FDS INVERSE RUSSELL 2000 STRATEGY FD CL A (NASDAQ:RYAFX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 RYAFX
The long term trend has been DOWN since Sep 13th, 2019 at 19.78
The intermediate term trend has been DOWN since Oct 21st, 2019 at 20.21
The short term trend has been UP since Nov 13th, 2019 at 19.53
Smart Scan Analysis for RYAFX
Based on a pre-defined weighted trend formula for chart analysis, RYAFX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||24.94||52wk High Date||2018-12-24|
|52wk Low||19.47||52wk Low Date||2019-11-05|
|Year End Close||23.37|