Index Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
OMX STOCKHOLM BANKS PI (NASDAQ:SX8300PI)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Aug 11th, 2017 at 1738.37
The intermediate term trend has been DOWN since Mar 19th, 2018 at 1619.36
The short term trend has been UP since Apr 16th, 2018 at 1482.89
Smart Scan Analysis for SX8300PI
Based on a pre-defined weighted trend formula for chart analysis, SX8300PI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1866.12||52wk High Date||2017-07-14|
|52wk Low||1444.51||52wk Low Date||2018-04-11|