Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
OMX STOCKHOLM MOBILE TELECOM GI (NASDAQ:SX6570GI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SX6570GI
The long term trend has been UP since Apr 20th, 2018 at 1299.35
The intermediate term trend has been DOWN since Oct 12th, 2018 at 1340.67
The short term trend has been UP since Oct 16th, 2018 at 1352.75
Smart Scan Analysis for SX6570GI
Based on a pre-defined weighted trend formula for chart analysis, SX6570GI scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1446.25||52wk High Date||2018-05-08|
|52wk Low||1192.5||52wk Low Date||2018-02-09|