Mutual Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
AMERICAN FUNDS - NEW WORLD FUND INC CLASS R-4 SHARES (NASDAQ:RNWEX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 UP since Jan 9th, 2019 at 58.37
The short term trend has been UP since Jan 4th, 2019 at 57.00
Smart Scan Analysis for RNWEX
Based on a pre-defined weighted trend formula for chart analysis, RNWEX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-01-26|
|52wk Low||55||52wk Low Date||2018-12-24|
|Year End Close||57||Payment Date||2018-12-24|