Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P Nordic LargeCap Index NTR EUR (2004) (CME:SBPRNLEN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SBPRNLEN
The long term trend has been UP since Feb 6th, 2019 at 264.86
The intermediate term trend has been DOWN since Jul 18th, 2019 at 274.62
The short term trend has been DOWN since Jul 17th, 2019 at 276.39
Smart Scan Analysis for SBPRNLEN
Based on a pre-defined weighted trend formula for chart analysis, SBPRNLEN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||283.91||52wk High Date||2018-09-28|
|52wk Low||246.94||52wk Low Date||2018-11-20|