Index Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
NASDAQ OMX Nordic Construction & Real Estate NI (NASDAQ:NOMXNCRNI)
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 NOMXNCRNI
The long term trend has been UP since Feb 5th, 2019 at 1594.82
The intermediate term trend has been UP since Jun 7th, 2019 at 1723.80
The short term trend has been DOWN since Jul 18th, 2019 at 1860.94
Smart Scan Analysis for NOMXNCRNI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNCRNI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1673.6||52wk High Date||2018-09-18|
|52wk Low||1337.74||52wk Low Date||2018-02-06|