Index Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
OMX COPENHAGEN UTIL PI (NASDAQ:CX7000PI)
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 CX7000PI
The long term trend has been DOWN since Jun 14th, 2018 at 493.91
The intermediate term trend has been DOWN since May 24th, 2018 at 539.10
The short term trend has been UP since Jun 15th, 2018 at 509.69
Smart Scan Analysis for CX7000PI
Based on a pre-defined weighted trend formula for chart analysis, CX7000PI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||584.18||52wk High Date||2018-04-30|
|52wk Low||389.49||52wk Low Date||2017-06-29|