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Mutual Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

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

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
62.78 62.78 62.78 62.78 -0.01
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 Mar 22nd, 2018 at 67.34

short term up The short term trend has been UP since Mar 26th, 2018 at 66.34

Smart Scan Analysis for RNWEX

Based on a pre-defined weighted trend formula for chart analysis, RNWEX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for RNWEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.78 62.78 62.78 62.78 -0.01
Prev. Close Volume Bid Ask Time
62.78 2018-08-17 00:00:00
52wk High71.5352wk High Date2018-01-26
52wk Low61.5652wk Low Date2017-08-17
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.