Mutual Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
RYDEX SERIES TRUST BIOTECHNOLOGY FUND INVESTOR CLASS (NASDAQ:RYOIX)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 RYOIX
The long term trend has been UP since Nov 1st, 2019 at 78.70
The intermediate term trend has been DOWN since Jan 3rd, 2020 at 83.27
The short term trend has been UP since Jan 15th, 2020 at 84.27
Smart Scan Analysis for RYOIX
Based on a pre-defined weighted trend formula for chart analysis, RYOIX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||88.16||52wk High Date||2019-12-04|
|52wk Low||71.35||52wk Low Date||2019-10-02|
|Year End Close||84.01||Payment Date||2018-12-11|