Index Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
DJ NORWAY STOCK INDEX (INDEX:NODOW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 NODOW
The long term trend has been UP since May 9th, 2017 at 427.46
The intermediate term trend has been UP since Dec 18th, 2017 at 475.98
The short term trend has been DOWN since Jan 17th, 2018 at 496.34
Smart Scan Analysis for NODOW
Based on a pre-defined weighted trend formula for chart analysis, NODOW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||500.65||52wk High Date||2018-01-09|
|52wk Low||402.81||52wk Low Date||2017-04-24|