Mutual Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
AMERICAN FUNDS - THE NEW ECONOMY FUND CLASS R-3 SHARES (NASDAQ:RNGCX)
Sidelines Mode (-55) - RNGCX 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 RNGCX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RNGCX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
MarketClub’s Trade Triangles for RNGCX
The long-term trend has been UP since Nov 20th, 2023 at 50.89
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 56.32
The short-term trend has been UP since Apr 23rd, 2024 at 54.78
Smart Scan Analysis for RNGCX
Based on our trend formula, RNGCX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
55.23 | 55.23 | 55.23 | 54.85 | -0.38 |
Prev. Close | Volume | Bid | Ask | Time |
55.23 | 0 | 54.85 | 54.85 | 2024-04-25 20:00:00 |
52wk High | 57.7 | 52wk High Date | 2024-03-21 |
52wk Low | 45.29 | 52wk Low Date | 2023-04-26 |
Year End Close | 51.83 | Payment Date | 2019-12-19 |