Index Trend Analysis Report
Prepared for you on Sunday, February 25, 2018.
OMX STOCKHOLM BANKS GI (NASDAQ:SX8300GI)
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 SX8300GI
The long term trend has been DOWN since Aug 11th, 2017 at 2345.50
The intermediate term trend has been DOWN since Feb 5th, 2018 at 2231.24
The short term trend has been DOWN since Feb 22nd, 2018 at 2229.35
Smart Scan Analysis for SX8300GI
Based on a pre-defined weighted trend formula for chart analysis, SX8300GI scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2517.87||52wk High Date||2017-07-14|
|52wk Low||2134.6||52wk Low Date||2018-02-06|