Mutual Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
RYDEX TRANSPORTATION - C CLASS (NASDAQ:RYCNX)
Crossroads (-60) - RYCNX 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 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.
MarketClub’s Trade Triangles for RYCNX
The long-term trend has been UP since Jun 3rd, 2020 at 39.57
The intermediate-term trend has been DOWN since May 12th, 2021 at 66.81
The short-term trend has been DOWN since May 10th, 2021 at 68.76
Smart Scan Analysis for RYCNX
Based on our trend formula, RYCNX is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||69.9||52wk High Date||2021-04-27|
|52wk Low||34.57||52wk Low Date||2020-05-19|
|Year End Close||60.13|