Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
NASDAQ OMX Nordic Tele & InfoTech SEK Net Index (NASDAQ:NOMXNTISEKNI)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 NOMXNTISEKNI
The long term trend has been UP since Oct 17th, 2019 at 853.15
The intermediate term trend has been DOWN since Oct 28th, 2019 at 804.23
The short term trend has been DOWN since Dec 2nd, 2019 at 803.65
Smart Scan Analysis for NOMXNTISEKNI
Based on a pre-defined weighted trend formula for chart analysis, NOMXNTISEKNI scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).