Mutual Trend Analysis Report
Prepared for you on Sunday, October 25, 2020.
RYDEX TECHNOLOGY FUND - C CLASS (NASDAQ:RYCHX)
Countertrend Up (+85) - RYCHX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid RYCHX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCHX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYCHX
The long-term trend has been UP since Jun 1st, 2020 at 103.30
The intermediate-term trend has been UP since Sep 28th, 2020 at 119.11
The short-term trend has been DOWN since Oct 15th, 2020 at 127.89
Smart Scan Analysis for RYCHX
Based on our trend formula, RYCHX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||128.92||52wk High Date||2020-09-02|
|52wk Low||72.63||52wk Low Date||2020-03-16|
|Year End Close||96.32|