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Mutual Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
RYDEX DYNAMIC FDS INVERSE DOWN 2X STRATEGY FD CL A (NASDAQ:RYIDX)
Bull Market Weakness (+75) - RYIDX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RYIDX as it may be in the beginning stages of a reversal.
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 UP since Feb 22nd, 2022 at 47.12
The intermediate-term trend has been UP since Apr 12th, 2022 at 44.38
The short-term trend has been DOWN since May 13th, 2022 at 49.63
Smart Scan Analysis for RYIDX
Based on our trend formula, RYIDX is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.45 | 49.45 | 49.45 | 49.33 | -0.12 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.45 | 0 | 49.33 | 51.79 | 2022-05-16 18:05:01 |
| 52wk High | 51.37 | 52wk High Date | 2021-06-18 |
| 52wk Low | 39.94 | 52wk Low Date | 2022-01-04 |
| Year End Close | 40.96 |