Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
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 OMXCLCGI
The long term trend has been UP since Jan 9th, 2019 at 309.49
The intermediate term trend has been DOWN since Jul 30th, 2019 at 337.09
The short term trend has been UP since Aug 16th, 2019 at 339.78
Smart Scan Analysis for OMXCLCGI
Based on a pre-defined weighted trend formula for chart analysis, OMXCLCGI scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).