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.
MarketClub’s Trade Triangles for RNWEX
The long term trend has been DOWN since Feb 8th, 2018 at 65.53
The intermediate term trend has been DOWN since Aug 6th, 2018 at 65.23
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).
|52wk High||71.53||52wk High Date||2018-01-26|
|52wk Low||59.15||52wk Low Date||2018-10-11|
|Year End Close||66.52||Payment Date||2017-12-22|