Mutual Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
RYDEX DYNAMIC FDS INVERSE S&P 500 2X STRATEGY FD CL C (NASDAQ:RYCBX)
Countertrend Down (-85) - RYCBX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RYCBX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCBX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYCBX
The long-term trend has been DOWN since May 18th, 2020 at 107.10
The intermediate-term trend has been DOWN since Jun 2nd, 2021 at 44.71
The short-term trend has been UP since Jun 16th, 2021 at 43.72
Smart Scan Analysis for RYCBX
Based on our trend formula, RYCBX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||82||52wk High Date||2020-09-23|
|52wk Low||15.33||52wk Low Date||2020-08-12|
|Year End Close||58.67|