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Mutual Trend Analysis Report

Prepared for you on Wednesday, August 21, 2019.

THE NEW ECONOMY FUND CL R-6 (NASDAQ:RNGGX)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

NASDAQ_RNGGX
Open High Low RNGGX Price Change
44.04 44.67 44.67 44.67 +0.63
Entry Signal

MarketClub’s Trade Triangles for RNGGX

long term up The long term trend has been UP since Jul 11th, 2019 at 46.34

intermediate term down The intermediate term trend has been DOWN since Aug 1st, 2019 at 45.97

short term down The short term trend has been DOWN since Aug 12th, 2019 at 44.55

Smart Scan Analysis for RNGGX

Based on a pre-defined weighted trend formula for chart analysis, RNGGX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for RNGGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
44.04 44.67 44.67 44.67 +0.63
Prev. Close Volume Bid Ask Time
44.04 0 44.67 44.67 2019-08-16 20:00:00
52wk High201852wk High Date2018-06-06
52wk Low36.7152wk Low Date2018-12-24
Year End Close38.86Payment Date2018-12-20
Want to analyze THE NEW ECONOMY FUND CL R-6 RNGGX or another symbol? Try our Free Mutual Trend Analysis Report.