Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
NASDAQ OMX Nordic Bank & Insurance SEK Net Index (NASDAQ:NOMXNBISEKNI)
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 NOMXNBISEKNI
The long term trend has been DOWN since Jun 3rd, 2019 at 1143.96
The intermediate term trend has been UP since Jul 4th, 2019 at 1201.30
The short term trend has been DOWN since Jul 17th, 2019 at 1206.80
Smart Scan Analysis for NOMXNBISEKNI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNBISEKNI scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).