Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
OMX NORDIC SM-CAP EUR GI (NASDAQ:OMXNSCEURGI)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 OMXNSCEURGI
The long term trend has been DOWN since Oct 11th, 2018 at 206.94
The intermediate term trend has been DOWN since Oct 8th, 2018 at 216.95
The short term trend has been UP since Oct 16th, 2018 at 207.55
Smart Scan Analysis for OMXNSCEURGI
Based on a pre-defined weighted trend formula for chart analysis, OMXNSCEURGI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||223.55||52wk High Date||2018-10-01|
|52wk Low||192.21||52wk Low Date||2018-02-06|