Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
OMX Baltic Basic Materials PI (NASDAQ:B1000PI)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 B1000PI
The long term trend has been DOWN since Jun 18th, 2019 at 1310.89
The intermediate term trend has been UP since Jul 15th, 2019 at 1142.91
The short term trend has been DOWN since Jul 17th, 2019 at 1127.23
Smart Scan Analysis for B1000PI
Based on a pre-defined weighted trend formula for chart analysis, B1000PI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1589.3||52wk High Date||2018-01-10|
|52wk Low||1278.26||52wk Low Date||2018-11-27|