Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
OMX STOCKHOLM BANKS PI (NASDAQ:SX8300PI)
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 SX8300PI
The long term trend has been UP since Jul 17th, 2018 at 1535.18
The intermediate term trend has been DOWN since Oct 3rd, 2018 at 1632.30
The short term trend has been DOWN since Oct 2nd, 2018 at 1678.52
Smart Scan Analysis for SX8300PI
Based on a pre-defined weighted trend formula for chart analysis, SX8300PI scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1813.48||52wk High Date||2017-10-23|
|52wk Low||1430.79||52wk Low Date||2018-05-29|