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Mutual Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

AMERICAN FUNDS DEVELOPING WORLD GROWTH AND INCOME FUND - CLASS R-5 (NASDAQ:RDWFX)

Countertrend Up (+85) - RDWFX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid RDWFX?

MarketClub looks at technical strength and momentum to determine if the timing is right for RDWFX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_RDWFX
Open High Low RDWFX Price Change
10.59 10.59 10.59 10.62 +0.03
Entry Signal

MarketClub’s Trade Triangles for RDWFX

long term up The long-term trend has been UP since Dec 14th, 2023 at 10.09

intermediate term up The intermediate-term trend has been UP since Feb 6th, 2024 at 10.06

short term down The short-term trend has been DOWN since Mar 25th, 2024 at 10.60

Smart Scan Analysis for RDWFX

Based on our trend formula, RDWFX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for RDWFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.59 10.59 10.59 10.62 +0.03
Prev. Close Volume Bid Ask Time
10.59 0 10.62 10.62 2024-03-28 18:05:00
52wk High10.7252wk High Date2024-03-14
52wk Low9.2452wk Low Date2023-10-27
Year End Close10.32Payment Date2023-03-27
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