Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
OMX ICELAND ALL-SHARE PI (NASDAQ:OMXIPI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 OMXIPI
The long term trend has been DOWN since Jun 11th, 2018 at 1306.06
The intermediate term trend has been UP since Jan 14th, 2019 at 1220.65
The short term trend has been UP since Jan 14th, 2019 at 1218.78
Smart Scan Analysis for OMXIPI
Based on a pre-defined weighted trend formula for chart analysis, OMXIPI scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1399.41||52wk High Date||2018-04-25|
|52wk Low||1154.13||52wk Low Date||2017-12-13|