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Mutual Trend Analysis Report

Prepared for you on Sunday, May 26, 2019.

AMERICAN FUNDS - NEW WORLD FUND INC CLASS R-4 SHARES (NASDAQ:RNWEX)

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_RNWEX
Open High Low RNWEX Price Change
62.82 63.29 63.29 63.29 +0.47
Entry Signal

MarketClub’s Trade Triangles for RNWEX

long term up The long term trend has been UP since Feb 1st, 2019 at 61.60

intermediate term down The intermediate term trend has been DOWN since May 6th, 2019 at 66.03

short term down The short term trend has been DOWN since May 20th, 2019 at 63.65

Smart Scan Analysis for RNWEX

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

-60
Smart Scan Analysis for RNWEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.82 63.29 63.29 63.29 +0.47
Prev. Close Volume Bid Ask Time
62.82 0 63.29 63.29 2019-05-24 19:59:59
52wk High201852wk High Date2018-03-12
52wk Low5552wk Low Date2018-12-24
Year End Close57Payment Date2018-12-24
Want to analyze AMERICAN FUNDS - NEW WORLD FUND INC CLASS R-4 SHARES RNWEX or another symbol? Try our Free Mutual Trend Analysis Report.