Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
OMX STOCKHOLM UTIL PI (NASDAQ:SX7500PI)
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 SX7500PI
The long term trend has been UP since May 22nd, 2018 at 299.26
The intermediate term trend has been UP since Nov 9th, 2018 at 358.57
The short term trend has been DOWN since Nov 29th, 2018 at 319.59
Smart Scan Analysis for SX7500PI
Based on a pre-defined weighted trend formula for chart analysis, SX7500PI 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|