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Mutual Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
AMERICAN FUNDS - NEW WORLD FUND INC CLASS R-2 SHARES (NASDAQ:RNWBX)
Sidelines Mode (+55) - RNWBX 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 RNWBX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RNWBX.
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 RNWBX
The long-term trend has been UP since Dec 13th, 2023 at 70.58
The intermediate-term trend has been UP since Jan 26th, 2024 at 71.27
The short-term trend has been DOWN since Apr 10th, 2024 at 75.52
Smart Scan Analysis for RNWBX
Based on our trend formula, RNWBX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 75.61 | 75.61 | 75.61 | 72.83 | -1.45 |
| Prev. Close | Volume | Bid | Ask | Time |
| 72.72 | 0 | 74.16 | 74.16 | 2024-04-12 20:00:00 |
| 52wk High | 75.85 | 52wk High Date | 2024-04-09 |
| 52wk Low | 64.71 | 52wk Low Date | 2023-10-26 |
| Year End Close | 71.71 | Payment Date | 2019-12-23 |