Index Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
NASDAQ OMX NORDIC TELECOM & INFOTECH (NASDAQ:NOMXNTI)
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 NOMXNTI
The long term trend has been UP since Nov 2nd, 2018 at 588.28
The intermediate term trend has been UP since Nov 2nd, 2018 at 584.81
The short term trend has been DOWN since Nov 12th, 2018 at 585.32
Smart Scan Analysis for NOMXNTI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNTI scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||602.37||52wk High Date||2018-06-15|
|52wk Low||489.1||52wk Low Date||2017-12-11|