Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
OMX Iceland 10 GI (NASDAQ:OMXI10GI)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for OMXI10GI
The long term trend has been UP since Oct 21st, 2019 at 2232.48
The intermediate term trend has been UP since Jan 16th, 2020 at 2505.94
The short term trend has been UP since Jan 10th, 2020 at 2480.10
Smart Scan Analysis for OMXI10GI
Based on a pre-defined weighted trend formula for chart analysis, OMXI10GI scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).