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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.

NASDAQ_RNWEX
Open High Low RNWEX Price Change
58.51 59.00 59.00 59.00 +0.49
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 up The intermediate term trend has been UP since Jan 9th, 2019 at 58.37

short term up 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).

+70
Smart Scan Analysis for RNWEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.51 59.00 59.00 59.00 +0.49
Prev. Close Volume Bid Ask Time
58.51 0 59.00 59.00 2019-01-15 18:25:00
52wk High201852wk High Date2018-01-26
52wk Low5552wk Low Date2018-12-24
Year End Close57Payment Date2018-12-24
Want to analyze AMERICAN FUNDS - NEW WORLD FUND INC CLASS R-4 SHARES RNWEX or another symbol? Try our Free Mutual Trend Analysis Report.