Mutual Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
RYDEX SERIES FDS S&P MID-CAP 400 PURE GROWTH FUND H CLASS (NASDAQ:RYBHX)
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 RYBHX
The long term trend has been DOWN since Oct 4th, 2018 at 55.97
The intermediate term trend has been DOWN since Apr 22nd, 2019 at 45.95
The short term trend has been UP since May 16th, 2019 at 44.44
Smart Scan Analysis for RYBHX
Based on a pre-defined weighted trend formula for chart analysis, RYBHX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-09-14|
|52wk Low||37.79||52wk Low Date||2018-12-24|
|Year End Close||40.16|