Mutual Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
AMERICAN FUNDS NEW WORLD FUND C (NASDAQ:NEWCX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NEWCX
The long term trend has been UP since Feb 3rd, 2017 at 52.69
The intermediate term trend has been UP since Aug 23rd, 2017 at 60.57
The short term trend has been DOWN since Nov 27th, 2017 at 65.44
Smart Scan Analysis for NEWCX
Based on a pre-defined weighted trend formula for chart analysis, NEWCX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||65.44||52wk High Date||2017-11-24|
|52wk Low||49.3||52wk Low Date||2016-12-22|
|Year End Close||49.81||Payment Date||2016-12-23|