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Mutual Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

THE INCOME FUND OF AMERICA CLASS R-4 SHARES (NASDAQ:RIDEX)

Countertrend Up (+85) - RIDEX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

NASDAQ_RIDEX
Open High Low RIDEX Price Change
23.73 23.73 23.73 23.76 +0.03
Entry Signal

MarketClub’s Trade Triangles for RIDEX

long term up The long-term trend has been UP since Dec 1st, 2023 at 22.69

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2024 at 23.43

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 23.83

Smart Scan Analysis for RIDEX

Based on our trend formula, RIDEX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for RIDEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.73 23.73 23.73 23.76 +0.03
Prev. Close Volume Bid Ask Time
23.73 0 23.76 23.76 2024-03-18 18:05:00
52wk High23.9752wk High Date2024-03-07
52wk Low21.252wk Low Date2023-10-27
Year End Close23.38Payment Date2020-03-17
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