Mutual Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
AMCAP FUND CLASS 529-A SHARES (NASDAQ:CAFAX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 CAFAX
The long term trend has been UP since Apr 1st, 2019 at 31.37
The intermediate term trend has been DOWN since May 7th, 2019 at 31.56
The short term trend has been DOWN since May 20th, 2019 at 31.15
Smart Scan Analysis for CAFAX
Based on a pre-defined weighted trend formula for chart analysis, CAFAX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-10-01|
|52wk Low||25.87||52wk Low Date||2018-12-24|
|Year End Close||27.57||Payment Date||2018-12-21|