Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
DJ SWEDEN STOCK INDEX (INDEX:SEDOW)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SEDOW
The long term trend has been UP since Feb 5th, 2019 at 928.13
The intermediate term trend has been DOWN since May 7th, 2019 at 1000.34
The short term trend has been DOWN since May 20th, 2019 at 977.08
Smart Scan Analysis for SEDOW
Based on a pre-defined weighted trend formula for chart analysis, SEDOW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1004.41||52wk High Date||2018-10-03|
|52wk Low||856.01||52wk Low Date||2018-11-20|