Mutual Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
RYDEX SERIES FDS STRENGTHENING DOLLAR 2X FUND A CLASS (NASDAQ:RYSDX)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 RYSDX
The long term trend has been UP since May 1st, 2018 at 45.34
The intermediate term trend has been UP since Jul 16th, 2019 at 53.24
The short term trend has been UP since Aug 13th, 2019 at 53.71
Smart Scan Analysis for RYSDX
Based on a pre-defined weighted trend formula for chart analysis, RYSDX scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2019||52wk High Date||2019-05-22|
|52wk Low||47.84||52wk Low Date||2018-09-20|
|Year End Close||50.67|