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Mutual Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
RYDEX DYNAMIC FDS INVERSE DOWN 2X STRATEGY FD CL A (NASDAQ:RYIDX)
Sidelines Mode (+55) - RYIDX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RYIDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYIDX.
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 RYIDX
The long-term trend has been DOWN since Dec 1st, 2023 at 38.68
The intermediate-term trend has been UP since Apr 4th, 2024 at 33.90
The short-term trend has been DOWN since Apr 19th, 2024 at 35.84
Smart Scan Analysis for RYIDX
Based on our trend formula, RYIDX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.69 | 34.69 | 34.69 | 35.38 | +0.69 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.69 | 0 | 35.38 | 37.14 | 2024-04-25 20:00:00 |
| 52wk High | 49.84 | 52wk High Date | 2023-10-27 |
| 52wk Low | 32.14 | 52wk Low Date | 2024-03-21 |
| Year End Close | 35.22 |