Mutual Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
AMERICAN FUNDS CORPORATE BOND FUND - CLASS R-6 (NASDAQ:RCBFX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 RCBFX
The long term trend has been UP since Jan 29th, 2019 at 9.97
The intermediate term trend has been DOWN since Dec 31st, 2019 at 10.87
The short term trend has been UP since Jan 10th, 2020 at 10.82
Smart Scan Analysis for RCBFX
Based on a pre-defined weighted trend formula for chart analysis, RCBFX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11||52wk High Date||2019-08-27|
|52wk Low||9.97||52wk Low Date||2019-01-28|
|Year End Close||10.79||Yield||2.454|