Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Dow Jones Norway Index (USD) (INDEX:NODOWD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NODOWD
The long term trend has been DOWN since May 9th, 2019 at 329.63
The intermediate term trend has been UP since Oct 21st, 2019 at 327.05
The short term trend has been DOWN since Nov 13th, 2019 at 328.73
Smart Scan Analysis for NODOWD
Based on a pre-defined weighted trend formula for chart analysis, NODOWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||400.19||52wk High Date||2018-09-25|
|52wk Low||332.59||52wk Low Date||2017-12-11|