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Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
AMERICAN FUNDS MORTGAGE FUND - CLASS 529-F-3 (NASDAQ:FMMFX)
Long-Term Downtrend (-90) - FMMFX is in a strong downtrend that is likely to continue. While FMMFX 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 FMMFX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FMMFX.
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 FMMFX
The long-term trend has been DOWN since Apr 8th, 2024 at 8.67
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 8.68
The short-term trend has been DOWN since Apr 5th, 2024 at 8.69
Smart Scan Analysis for FMMFX
Based on our trend formula, FMMFX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.51 | 8.51 | 8.51 | 8.53 | +0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.51 | 0 | 8.53 | 8.53 | 2024-04-23 20:00:00 |
| 52wk High | 9.23 | 52wk High Date | 2023-05-04 |
| 52wk Low | 8.22 | 52wk Low Date | 2023-10-19 |
| Year End Close | 8.96 | Yield | 7.1483 |