Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
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 OMXBBPI
The long term trend has been DOWN since Jun 19th, 2019 at 441.79
The intermediate term trend has been UP since Jul 25th, 2019 at 443.94
The short term trend has been DOWN since Aug 15th, 2019 at 444.54
Smart Scan Analysis for OMXBBPI
Based on a pre-defined weighted trend formula for chart analysis, OMXBBPI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||505.06||52wk High Date||2018-03-22|
|52wk Low||431.1||52wk Low Date||2018-11-21|