Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
OMX STOCKHOLM BANKS GI (NASDAQ:SX8300GI)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jul 17th, 2018 at 2219.14
The intermediate term trend has been DOWN since Oct 3rd, 2018 at 2360.07
The short term trend has been DOWN since Nov 12th, 2018 at 2204.91
Smart Scan Analysis for SX8300GI
Based on a pre-defined weighted trend formula for chart analysis, SX8300GI scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2475.8||52wk High Date||2018-10-01|
|52wk Low||2068.24||52wk Low Date||2018-05-29|