Index Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
OMX Iceland Technology PI (NASDAQ:IX9000PI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 IX9000PI
The long term trend has been DOWN since Mar 1st, 2019 at 3283.05
The intermediate term trend has been DOWN since Feb 15th, 2019 at 3369.25
The short term trend has been UP since Mar 15th, 2019 at 3017.24
Smart Scan Analysis for IX9000PI
Based on a pre-defined weighted trend formula for chart analysis, IX9000PI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3908.05||52wk High Date||2018-01-19|
|52wk Low||2808.91||52wk Low Date||2018-07-20|