Index Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
DJ NORWAY STOCK INDEX (USD) (INDEX:NODOWD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 NODOWD
The long term trend has been UP since Jan 3rd, 2018 at 357.33
The intermediate term trend has been UP since Jun 7th, 2018 at 378.56
The short term trend has been DOWN since Jun 14th, 2018 at 377.43
Smart Scan Analysis for NODOWD
Based on a pre-defined weighted trend formula for chart analysis, NODOWD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||385.86||52wk High Date||2018-01-25|
|52wk Low||284.81||52wk Low Date||2017-06-22|