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Index Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

NASDAQ OMX Nordic Materials SEK Gross Index (NASDAQ:NOMXNMASEKGI)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

NASDAQ_NOMXNMASEKGI
Open High Low NOMXNMASEKGI Price Change
1061.93 1079.98 1061.93 1079.25 +18.65
Entry Signal

MarketClub’s Trade Triangles for NOMXNMASEKGI

long term down The long term trend has been DOWN since May 15th, 2019 at 1121.32

intermediate term down The intermediate term trend has been DOWN since Aug 7th, 2019 at 1062.20

short term down The short term trend has been DOWN since Jul 30th, 2019 at 1164.12

Smart Scan Analysis for NOMXNMASEKGI

Based on a pre-defined weighted trend formula for chart analysis, NOMXNMASEKGI scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NOMXNMASEKGI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1061.93 1079.98 1061.93 1079.25 +18.65
Prev. Close Volume Bid Ask Time
1118.31 0 2019-08-19 07:37:00
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