Mutual Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
RYDEX SERIES FDS STRENGTHENING DOLLAR 2X FUND A CLASS (NASDAQ:RYSDX)
Sidelines Mode (+55) - RYSDX 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 RYSDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RYSDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RYSDX
The long-term trend has been UP since Aug 10th, 2021 at 47.97
The intermediate-term trend has been UP since Apr 5th, 2022 at 53.41
The short-term trend has been DOWN since May 17th, 2022 at 58.90
Smart Scan Analysis for RYSDX
Based on our trend formula, RYSDX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||62.57||52wk High Date||2022-05-12|
|52wk Low||44.74||52wk Low Date||2021-05-25|
|Year End Close||50.32|