Index Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
NASDAQ OMX Nordic Consumer (NASDAQ:NOMXNCO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NOMXNCO
The long term trend has been UP since Jul 2nd, 2019 at 1037.20
The intermediate term trend has been UP since Nov 26th, 2019 at 1090.37
The short term trend has been DOWN since Dec 10th, 2019 at 1084.18
Smart Scan Analysis for NOMXNCO
Based on a pre-defined weighted trend formula for chart analysis, NOMXNCO scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1042.81||52wk High Date||2017-12-14|
|52wk Low||937.21||52wk Low Date||2018-02-06|