Index Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
OMX STOCKHOLM TECH HARDWARE PI (NASDAQ:SX9570PI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SX9570PI
The long term trend has been UP since Apr 20th, 2018 at 720.13
The intermediate term trend has been UP since Jan 9th, 2019 at 961.97
The short term trend has been UP since Jan 17th, 2019 at 899.38
Smart Scan Analysis for SX9570PI
Based on a pre-defined weighted trend formula for chart analysis, SX9570PI scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1005.35||52wk High Date||2018-10-19|
|52wk Low||622.06||52wk Low Date||2018-02-06|