Mutual Trend Analysis Report
Prepared for you on Wednesday, June 20, 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.
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 Mar 22nd, 2018 at 67.34
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).
|52wk High||71.53||52wk High Date||2018-01-26|
|52wk Low||59.52||52wk Low Date||2017-07-06|
|Year End Close||66.52||Payment Date||2017-12-22|