Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
OMX Baltic Basic Materials PI (NASDAQ:B1000PI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 B1000PI
The long term trend has been UP since Dec 2nd, 2019 at 1160.24
The intermediate term trend has been UP since Oct 16th, 2019 at 1103.12
The short term trend has been DOWN since Dec 3rd, 2019 at 1139.99
Smart Scan Analysis for B1000PI
Based on a pre-defined weighted trend formula for chart analysis, B1000PI scored +85 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|