Mutual Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
AMERICAN FUNDS THE TAX-EXEMPT BOND FUND of AMERICA CL A SHARES (NASDAQ:AFTEX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 AFTEX
The long term trend has been DOWN since Sep 7th, 2018 at 12.78
The intermediate term trend has been DOWN since Jul 26th, 2018 at 12.82
The short term trend has been UP since Sep 27th, 2018 at 12.68
Smart Scan Analysis for AFTEX
Based on a pre-defined weighted trend formula for chart analysis, AFTEX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.1||52wk High Date||2017-12-06|
|52wk Low||12.58||52wk Low Date||2018-10-10|
|Year End Close||13.04||Yield||2.93|