Index Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
OMX NORDIC MID-CAP DKK PI (NASDAQ:OMXNMCDKKPI)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 OMXNMCDKKPI
The long term trend has been DOWN since Feb 6th, 2018 at 514.26
The intermediate term trend has been DOWN since Jun 21st, 2018 at 532.44
The short term trend has been DOWN since Jun 15th, 2018 at 542.56
Smart Scan Analysis for OMXNMCDKKPI
Based on a pre-defined weighted trend formula for chart analysis, OMXNMCDKKPI scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||568.17||52wk High Date||2017-06-26|
|52wk Low||500.31||52wk Low Date||2018-04-04|