Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
OMX STOCKHOLM FOOD & BEVERAGE GI (NASDAQ:SX3500GI)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SX3500GI
The long term trend has been UP since Oct 30th, 2017 at 2422.14
The intermediate term trend has been UP since Apr 9th, 2018 at 2666.03
The short term trend has been DOWN since Jul 18th, 2018 at 2958.59
Smart Scan Analysis for SX3500GI
Based on a pre-defined weighted trend formula for chart analysis, SX3500GI scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3016.87||52wk High Date||2018-07-12|
|52wk Low||2176.77||52wk Low Date||2017-09-21|