Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
OMX STOCKHOLM BANKS GI (NASDAQ:SX8300GI)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 UP since Apr 23rd, 2018 at 2183.74
The short term trend has been DOWN since May 22nd, 2018 at 2164.28
Smart Scan Analysis for SX8300GI
Based on a pre-defined weighted trend formula for chart analysis, SX8300GI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2517.87||52wk High Date||2017-07-14|
|52wk Low||2087.19||52wk Low Date||2018-04-11|