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.
MarketClub’s Trade Triangles for RNWEX
The long term trend has been UP since Feb 1st, 2019 at 61.60
The intermediate term trend has been DOWN since May 6th, 2019 at 66.03
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).
|52wk High||2018||52wk High Date||2018-03-12|
|52wk Low||55||52wk Low Date||2018-12-24|
|Year End Close||57||Payment Date||2018-12-24|