Mutual Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
AMERICAN BALANCED FUND CLASS A SHS (NASDAQ:ABALX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ABALX
The long term trend has been DOWN since Oct 11th, 2018 at 27.12
The intermediate term trend has been UP since Jan 15th, 2019 at 25.38
The short term trend has been UP since Mar 11th, 2019 at 26.37
Smart Scan Analysis for ABALX
Based on a pre-defined weighted trend formula for chart analysis, ABALX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-09-21|
|52wk Low||23.98||52wk Low Date||2018-12-24|
|Year End Close||24.9||Payment Date||2018-12-19|