Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
OMX Iceland Financials GI (NASDAQ:IX8000GI)
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 IX8000GI
The long term trend has been DOWN since Jun 1st, 2018 at 1605.33
The intermediate term trend has been UP since Jan 14th, 2019 at 1389.84
The short term trend has been DOWN since Feb 5th, 2019 at 1478.92
Smart Scan Analysis for IX8000GI
Based on a pre-defined weighted trend formula for chart analysis, IX8000GI scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1771.18||52wk High Date||2018-04-25|
|52wk Low||1332.09||52wk Low Date||2018-11-29|