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Mutual Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

AMERICAN FUNDS - NEW WORLD FUND INC CL R-4 SHARES (NASDAQ:RNWEX)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NASDAQ_RNWEX
Open High Low RNWEX Price Change
60.17 60.17 60.17 60.17 +0.40
Entry Signal

MarketClub’s Trade Triangles for RNWEX

long term down The long term trend has been DOWN since Feb 8th, 2018 at 65.53

intermediate term down The intermediate term trend has been DOWN since Aug 6th, 2018 at 65.23

short term down The short term trend has been DOWN since Sep 24th, 2018 at 64.07

Smart Scan Analysis for RNWEX

Based on a pre-defined weighted trend formula for chart analysis, RNWEX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for RNWEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.17 60.17 60.17 60.17 +0.40
Prev. Close Volume Bid Ask Time
60.17 2018-10-23 00:00:00
52wk High71.5352wk High Date2018-01-26
52wk Low59.1552wk Low Date2018-10-11
Year End Close66.52Payment Date2017-12-22
Want to analyze AMERICAN FUNDS - NEW WORLD FUND INC CL R-4 SHARES RNWEX or another symbol? Try our Free Mutual Trend Analysis Report.