Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
OMX STOCKHOLM UTIL PI (NASDAQ:SX7500PI)
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 SX7500PI
The long term trend has been UP since May 22nd, 2018 at 299.26
The intermediate term trend has been DOWN since Oct 11th, 2018 at 335.88
The short term trend has been DOWN since Oct 22nd, 2018 at 337.61
Smart Scan Analysis for SX7500PI
Based on a pre-defined weighted trend formula for chart analysis, SX7500PI scored -70 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|