Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
NASDAQ OMX Nordic Telecom & InfoTech (NASDAQ:NOMXNTI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 NOMXNTI
The long term trend has been DOWN since May 7th, 2019 at 577.85
The intermediate term trend has been UP since Oct 17th, 2019 at 587.61
The short term trend has been UP since Oct 8th, 2019 at 565.65
Smart Scan Analysis for NOMXNTI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNTI scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||602.37000000||52wk High Date||2018-06-15|
|52wk Low||489.10000000||52wk Low Date||2017-12-11|