Index Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
NASDAQ OMX Nordic Materials SEK (NASDAQ:NOMXNMASEK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 NOMXNMASEK
The long term trend has been DOWN since May 9th, 2019 at 832.80
The intermediate term trend has been DOWN since Apr 30th, 2019 at 889.77
The short term trend has been UP since May 20th, 2019 at 831.30
Smart Scan Analysis for NOMXNMASEK
Based on a pre-defined weighted trend formula for chart analysis, NOMXNMASEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).