Mutual Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
THE BOND FUND OF AMERICA CLASS A SHARES (NASDAQ:ABNDX)
Long-Term Downtrend (-90) - ABNDX is in a strong downtrend that is likely to continue. While ABNDX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ABNDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ABNDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ABNDX
The long-term trend has been DOWN since Oct 7th, 2021 at 13.46
The intermediate-term trend has been DOWN since Nov 23rd, 2021 at 13.41
The short-term trend has been DOWN since Nov 22nd, 2021 at 13.44
Smart Scan Analysis for ABNDX
Based on our trend formula, ABNDX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||14.22||52wk High Date||2020-12-30|
|52wk Low||13.31||52wk Low Date||2021-03-18|
|Year End Close||13.79||Shares Outstanding||877,223|