Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
NASDAQ OMX Nordic Materials SEK (NASDAQ:NOMXNMASEK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jul 17th, 2019 at 801.24
The short term trend has been DOWN since Jul 17th, 2019 at 803.24
Smart Scan Analysis for NOMXNMASEK
Based on a pre-defined weighted trend formula for chart analysis, NOMXNMASEK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).