Mutual Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
RYDEX CONSUMER PRODUCTS FUND C CLASS (NASDAQ:RYCPX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RYCPX
The long term trend has been UP since Apr 10th, 2019 at 45.98
The intermediate term trend has been UP since Jun 11th, 2019 at 47.12
The short term trend has been DOWN since Jun 14th, 2019 at 47.32
Smart Scan Analysis for RYCPX
Based on a pre-defined weighted trend formula for chart analysis, RYCPX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-08-20|
|52wk Low||39.88||52wk Low Date||2018-12-24|
|Year End Close||41.26|