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Mutual Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
RYDEX DYNAMIC FDS INVERSE DOW 2X STRATEGY FUND CL H (NASDAQ:RYCWX)
Bull Market Weakness (+75) - RYCWX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RYCWX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RYCWX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYCWX.
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 RYCWX
The long-term trend has been DOWN since Dec 1st, 2023 at 38.76
The intermediate-term trend has been UP since Apr 4th, 2024 at 33.98
The short-term trend has been UP since Apr 2nd, 2024 at 32.68
Smart Scan Analysis for RYCWX
Based on our trend formula, RYCWX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.54 | 35.54 | 35.54 | 35.60 | +0.48 |
| Prev. Close | Volume | Bid | Ask | Time |
| 36.01 | 0 | 36.02 | 36.02 | 2024-04-15 20:00:00 |
| 52wk High | 47.59 | 52wk High Date | 2023-10-27 |
| 52wk Low | 32.21 | 52wk Low Date | 2024-03-21 |
| Year End Close | 35.3 |