Free Daily Analysis

Mutual Trend Analysis Report

Prepared for you on Wednesday, October 5, 2022.

AMERICAN FUNDS CORPORATE BOND FUND - CLASS 529-A (NASDAQ:COBAX)

Bear Market Rally (-75) - COBAX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on COBAX as it may be in the beginning of a reversal.

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

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

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

NASDAQ_COBAX
Open High Low COBAX Price Change
9.12 9.12 9.12 9.16 +0.04
Entry Signal

MarketClub’s Trade Triangles for COBAX

long term down The long-term trend has been DOWN since Sep 15th, 2022 at 9.37

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 9.72

short term up The short-term trend has been UP since Oct 3rd, 2022 at 9.08

Smart Scan Analysis for COBAX

Based on our trend formula, COBAX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for COBAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.12 9.12 9.12 9.16 +0.04
Prev. Close Volume Bid Ask Time
9.12 0 9.16 9.49 2022-10-04 20:00:00
52wk High11.8452wk High Date2021-11-09
52wk Low8.9752wk Low Date2022-09-27
Year End Close11.25Yield3.2049
Payment Date2020-01-02
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