Mutual Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
AMERICAN FUNDS CORPORATE BOND FUND - CLASS R-1 (NASDAQ:RCBAX)
Long-Term Downtrend (-90) - RCBAX is in a strong downtrend that is likely to continue. While RCBAX 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 RCBAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RCBAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RCBAX
The long-term trend has been DOWN since Oct 5th, 2021 at 11.30
The intermediate-term trend has been DOWN since Nov 16th, 2021 at 11.23
The short-term trend has been DOWN since Nov 22nd, 2021 at 11.25
Smart Scan Analysis for RCBAX
Based on our trend formula, RCBAX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||11.97||52wk High Date||2020-12-30|
|52wk Low||10.96||52wk Low Date||2021-03-18|
|Year End Close||11.67||Yield||1.6699|