Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
DJ NORWAY STOCK INDEX (INDEX:NODOW)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NODOW
The long term trend has been DOWN since Oct 26th, 2018 at 494.14
The intermediate term trend has been UP since Jan 7th, 2019 at 477.87
The short term trend has been UP since Feb 13th, 2019 at 487.45
Smart Scan Analysis for NODOW
Based on a pre-defined weighted trend formula for chart analysis, NODOW scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||543.6||52wk High Date||2018-09-25|
|52wk Low||458.22||52wk Low Date||2018-02-06|