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American Funds New Technical Analysis
American Funds New Trend AnalysisUse this graph to draw trend lines for American Funds New World R2E. You can use it to identify possible trend reversals for American Funds as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual American Funds price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
American Funds Best Fit Change LineThe following chart estimates an ordinary least squares regression model for American Funds New World R2E applied against its price change over selected period. The best fit line has a slop of 0.23 % which may suggest that American Funds New World R2E market price will keep on failing further. It has 34 observation points and a regression sum of squares at 43.97, which is the sum of squared deviations for the predicted American Funds price change compared to its average price change.