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Mutual Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Rydex Dynamic Fds, Inverse Nasdaq- 100 2x Strategy Fd Cl C (NASDAQ:RYCDX)
Crossroads (+60) - RYCDX is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RYCDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RYCDX
The long-term trend has been DOWN since Nov 14th, 2023 at 20.78
The intermediate-term trend has been UP since Apr 15th, 2024 at 15.70
The short-term trend has been UP since Apr 12th, 2024 at 15.49
Smart Scan Analysis for RYCDX
Based on our trend formula, RYCDX is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.02 | 16.02 | 16.02 | 16.35 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.46 | 0 | 16.01 | 16.01 | 2024-04-16 20:00:00 |
| 52wk High | 31.51 | 52wk High Date | 2023-04-25 |
| 52wk Low | 14.88 | 52wk Low Date | 2024-03-22 |
| Year End Close | 17.52 | Payment Date | 2016-10-31 |