Index Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
OMX ICELAND ALL-SHARE GI (NASDAQ:OMXIGI)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 OMXIGI
The long term trend has been DOWN since Jul 9th, 2018 at 648.16
The intermediate term trend has been UP since Nov 5th, 2018 at 624.08
The short term trend has been UP since Oct 31st, 2018 at 614.75
Smart Scan Analysis for OMXIGI
Based on a pre-defined weighted trend formula for chart analysis, OMXIGI scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||693.42||52wk High Date||2018-04-25|
|52wk Low||562.99||52wk Low Date||2017-12-13|