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Mutual Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

AMERICAN BALANCED FUND CLASS A SHS (NASDAQ:ABALX)

Bull Market Weakness (+75) - ABALX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ABALX as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ABALX?

MarketClub looks at technical strength and momentum to determine if the timing is right for ABALX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ABALX
Open High Low ABALX Price Change
27.68 27.77 27.77 27.77 +0.09
Entry Signal

MarketClub’s Trade Triangles for ABALX

long term down The long-term trend has been DOWN since Feb 25th, 2020 at 28.24

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 25.23

short term up The short-term trend has been UP since May 18th, 2020 at 26.68

Smart Scan Analysis for ABALX

Based on our trend formula, ABALX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ABALX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.68 27.77 27.77 27.77 +0.09
Prev. Close Volume Bid Ask Time
27.68 0 27.77 29.46 2020-05-29 20:00:00
52wk High29.4152wk High Date2020-02-19
52wk Low22.7552wk Low Date2020-03-23
Year End Close28.5Payment Date2020-03-17
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