Mutual Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
RYDEX SERIES FDS RUSSELL 2000 1.5X STRATEGY FD CL C (NASDAQ:RYCMX)
Sidelines Mode (+55) - RYCMX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RYCMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYCMX
The long-term trend has been UP since Aug 5th, 2020 at 49.90
The intermediate-term trend has been UP since Apr 23rd, 2021 at 87.08
The short-term trend has been DOWN since Apr 29th, 2021 at 88.88
Smart Scan Analysis for RYCMX
Based on our trend formula, RYCMX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||92.9||52wk High Date||2021-03-15|
|52wk Low||35.96||52wk Low Date||2020-05-13|
|Year End Close||71.58|