Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
OMX STOCKHOLM RETAIL PI (NASDAQ:SX5300PI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SX5300PI
The long term trend has been DOWN since May 19th, 2016 at 1295.79
The intermediate term trend has been DOWN since Dec 15th, 2017 at 1052.01
The short term trend has been UP since Feb 20th, 2018 at 878.55
Smart Scan Analysis for SX5300PI
Based on a pre-defined weighted trend formula for chart analysis, SX5300PI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1267.6||52wk High Date||2017-02-22|
|52wk Low||841.2||52wk Low Date||2018-02-06|