Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
NASDAQ OMX Nordic Industrials Gross Index (NASDAQ:NOMXNINGI)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NOMXNINGI
The long term trend has been UP since Oct 22nd, 2019 at 1479.42
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1512.88
The short term trend has been DOWN since Dec 2nd, 2019 at 1546.66
Smart Scan Analysis for NOMXNINGI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNINGI scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1503.47||52wk High Date||2018-01-23|
|52wk Low||1190.97||52wk Low Date||2018-11-20|