Mutual Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
RYDEX SERIES FDS BANKING FUND H CLASS (NASDAQ:RYKAX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RYKAX
The long term trend has been DOWN since Mar 23rd, 2018 at 75.27
The intermediate term trend has been DOWN since Mar 20th, 2019 at 68.34
The short term trend has been UP since Apr 12th, 2019 at 68.78
Smart Scan Analysis for RYKAX
Based on a pre-defined weighted trend formula for chart analysis, RYKAX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-03-09|
|52wk Low||57.01||52wk Low Date||2018-12-24|
|Year End Close||60.3|