Mutual Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
AMERICAN FUNDS MORTGAGE FUND CLASS R-6 (NASDAQ:RMAGX)
Long-Term Downtrend (-90) - RMAGX is in a strong downtrend that is likely to continue. While RMAGX 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 RMAGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RMAGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RMAGX
The long-term trend has been DOWN since Mar 1st, 2023 at 8.92
The intermediate-term trend has been DOWN since May 18th, 2023 at 9.08
The short-term trend has been DOWN since Sep 15th, 2023 at 8.67
Smart Scan Analysis for RMAGX
Based on our trend formula, RMAGX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.29||52wk High Date||2023-02-02|
|52wk Low||8.54||52wk Low Date||2023-09-21|
|Year End Close||8.99||Yield||4.4497|