Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
DJ FINLAND STOCK INDEX (INDEX:FIDOW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 FIDOW
The long term trend has been DOWN since Oct 9th, 2018 at 1334.51
The intermediate term trend has been DOWN since Oct 5th, 2018 at 1355.37
The short term trend has been UP since Oct 16th, 2018 at 1298.31
Smart Scan Analysis for FIDOW
Based on a pre-defined weighted trend formula for chart analysis, FIDOW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1425.4||52wk High Date||2018-08-29|
|52wk Low||1250.78||52wk Low Date||2017-12-12|