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Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
THE INCOME FUND OF AMERICA CLASS R-4 SHARES (NASDAQ:RIDEX)
Sidelines Mode (+55) - RIDEX 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 RIDEX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RIDEX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RIDEX
The long-term trend has been UP since Dec 1st, 2023 at 22.69
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 23.76
The short-term trend has been UP since Apr 19th, 2024 at 23.30
Smart Scan Analysis for RIDEX
Based on our trend formula, RIDEX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.53 | 23.53 | 23.53 | 23.72 | +0.19 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.53 | 0 | 23.72 | 23.72 | 2024-04-23 18:05:00 |
| 52wk High | 24.22 | 52wk High Date | 2024-03-28 |
| 52wk Low | 21.2 | 52wk Low Date | 2023-10-27 |
| Year End Close | 23.38 | Payment Date | 2020-03-17 |