Index Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
OMX STOCKHOLM FOOD & BEVERAGE GI (NASDAQ:SX3500GI)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 SX3500GI
The long term trend has been UP since Oct 30th, 2017 at 2422.14
The intermediate term trend has been UP since Sep 17th, 2018 at 3057.51
The short term trend has been UP since Sep 21st, 2018 at 3060.48
Smart Scan Analysis for SX3500GI
Based on a pre-defined weighted trend formula for chart analysis, SX3500GI scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3085.34||52wk High Date||2018-09-17|
|52wk Low||2185.87||52wk Low Date||2017-09-22|