Index Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
OMX STOCKHOLM BANKS PI (NASDAQ:SX8300PI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SX8300PI
The long term trend has been DOWN since Aug 11th, 2017 at 1738.37
The intermediate term trend has been UP since Jan 9th, 2018 at 1711.37
The short term trend has been UP since Jan 22nd, 2018 at 1709.42
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||1878.18||52wk High Date||2017-02-20|
|52wk Low||1629.79||52wk Low Date||2017-12-06|