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Mutual Trend Analysis Report
Prepared for you on Sunday, May 19, 2024.
THE NEW ECONOMY FUND CLASS 529-C SHARES (NASDAQ:CNGCX)
Strong Uptrend (+100) - CNGCX is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNGCX continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CNGCX?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNGCX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNGCX
The long-term trend has been UP since Nov 22nd, 2023 at 45.18
The intermediate-term trend has been UP since May 6th, 2024 at 49.03
The short-term trend has been UP since May 3rd, 2024 at 48.36
Smart Scan Analysis for CNGCX
Based on our trend formula, CNGCX is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 51.38 | 51.38 | 51.38 | 51.03 | -0.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 51.13 | 0 | 51.13 | 51.13 | 2024-05-16 17:21:57 |
| 52wk High | 51.38 | 52wk High Date | 2024-05-15 |
| 52wk Low | 40.74 | 52wk Low Date | 2023-10-27 |
| Year End Close | 45.69 | Payment Date | 2019-12-19 |