Mutual Trend Analysis Report
Prepared for you on Sunday, June 20, 2021.
AMERICAN FUNDS DEVELOPING WORLD GROWTH AND INCOME FUND - CLASS R-2 (NASDAQ:RDWBX)
Sidelines Mode (+55) - RDWBX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RDWBX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RDWBX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RDWBX
The long-term trend has been UP since Jul 2nd, 2020 at 10.12
The intermediate-term trend has been UP since May 25th, 2021 at 13.05
The short-term trend has been DOWN since Jun 15th, 2021 at 13.52
Smart Scan Analysis for RDWBX
Based on our trend formula, RDWBX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||13.66||52wk High Date||2021-02-16|
|52wk Low||9.88||52wk Low Date||2020-06-19|
|Year End Close||12.43||Payment Date||2020-06-22|