Mutual Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
RYDEX ENERGY - C CLASS (NASDAQ:RYECX)
Countertrend Down (-85) - RYECX 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 RYECX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYECX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYECX
The long-term trend has been DOWN since Jan 31st, 2020 at 133.11
The intermediate-term trend has been DOWN since Aug 26th, 2020 at 87.90
The short-term trend has been UP since Sep 16th, 2020 at 80.36
Smart Scan Analysis for RYECX
Based on our trend formula, RYECX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||94.77||52wk High Date||2020-08-12|
|52wk Low||17.76||52wk Low Date||2020-03-18|
|Year End Close||50.12|