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Mutual Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
RYDEX TRANSPORTATION - C CLASS (NASDAQ:RYCNX)
Sidelines Mode (-55) - RYCNX 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 RYCNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCNX.
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 RYCNX
The long-term trend has been UP since Jun 13th, 2023 at 42.63
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 46.52
The short-term trend has been UP since Sep 11th, 2023 at 43.52
Smart Scan Analysis for RYCNX
Based on our trend formula, RYCNX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42.26 | 42.26 | 42.26 | 41.38 | -0.37 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42.03 | 0 | 41.89 | 41.89 | 2023-09-22 20:00:00 |
| 52wk High | 48.51 | 52wk High Date | 2023-07-31 |
| 52wk Low | 35.15 | 52wk Low Date | 2022-12-28 |
| Year End Close | 35.99 |