Mutual Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
RYDEX DYNAMIC FDS INVERSE DOW 2X STRATEGY FUND CL H (NASDAQ:RYCWX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 RYCWX
The long term trend has been DOWN since Jun 21st, 2019 at 9.21
The intermediate term trend has been DOWN since Dec 12th, 2019 at 8.01
The short term trend has been UP since Jan 22nd, 2020 at 7.41
Smart Scan Analysis for RYCWX
Based on a pre-defined weighted trend formula for chart analysis, RYCWX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.94||52wk High Date||2019-01-28|
|52wk Low||7.34||52wk Low Date||2020-01-17|
|Year End Close||7.77|