Index Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
OMX Helsinki Oil & Gas PI (NASDAQ:HX0500PI)
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 HX0500PI
The long term trend has been UP since Oct 9th, 2017 at 3561.52
The intermediate term trend has been DOWN since Jul 25th, 2019 at 8092.51
The short term trend has been DOWN since Aug 14th, 2019 at 8372.80
Smart Scan Analysis for HX0500PI
Based on a pre-defined weighted trend formula for chart analysis, HX0500PI scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7078.63||52wk High Date||2018-08-14|
|52wk Low||4671.6||52wk Low Date||2017-11-30|