Index Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
NASDAQ OMX Nordic Investment Companies Net Index (NASDAQ:NOMXNICNI)
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 NOMXNICNI
The long term trend has been DOWN since Jun 3rd, 2019 at 1476.28
The intermediate term trend has been DOWN since May 6th, 2019 at 1575.33
The short term trend has been DOWN since Jun 13th, 2019 at 1537.50
Smart Scan Analysis for NOMXNICNI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNICNI scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1657.03||52wk High Date||2018-01-24|
|52wk Low||1382.68||52wk Low Date||2018-11-23|