Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
OMX STOCKHOLM UTIL GI (NASDAQ:SX7000GI)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SX7000GI
The long term trend has been DOWN since Dec 21st, 2018 at 307.46
The intermediate term trend has been UP since Jan 8th, 2019 at 324.60
The short term trend has been DOWN since Jan 10th, 2019 at 312.93
Smart Scan Analysis for SX7000GI
Based on a pre-defined weighted trend formula for chart analysis, SX7000GI scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||366.96||52wk High Date||2018-10-04|
|52wk Low||244.86||52wk Low Date||2017-12-18|