Index Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
OMX Iceland Consumer Services PI (NASDAQ:IX5000PI)
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 IX5000PI
The long term trend has been UP since Jun 24th, 2019 at 2814.39
The intermediate term trend has been DOWN since Jul 1st, 2019 at 2712.44
The short term trend has been UP since Jul 19th, 2019 at 2661.20
Smart Scan Analysis for IX5000PI
Based on a pre-defined weighted trend formula for chart analysis, IX5000PI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3445.16||52wk High Date||2018-03-05|
|52wk Low||1448.59||52wk Low Date||2017-12-13|