Mutual Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
RYDEX ENERGY - C CLASS (NASDAQ:RYECX)
Bull Market Weakness (+75) - RYECX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RYECX as it may be in the beginning stages of a reversal.
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 Jun 23rd, 2022 at 171.58
The intermediate-term trend has been UP since Jul 25th, 2022 at 179.14
The short-term trend has been UP since Aug 9th, 2022 at 186.57
Smart Scan Analysis for RYECX
Based on our trend formula, RYECX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||222.31||52wk High Date||2022-06-07|
|52wk Low||116.48||52wk Low Date||2021-08-19|
|Year End Close||141.14|