Mutual Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
RYDEX SERIES FDS INVERSE RUSSELL 2000 STRATEGY FUND C CLASS (NASDAQ:RYCQX)
Countertrend Down (-85) - RYCQX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RYCQX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCQX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYCQX
The long-term trend has been DOWN since Jun 3rd, 2020 at 81.85
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 68.50
The short-term trend has been UP since Feb 16th, 2021 at 48.06
Smart Scan Analysis for RYCQX
Based on our trend formula, RYCQX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||78.18||52wk High Date||2020-09-23|
|52wk Low||14.45||52wk Low Date||2020-08-10|
|Year End Close||56.05|