Index Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
OMX Iceland All-Share PI (NASDAQ:OMXIPI)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 OMXIPI
The long term trend has been UP since Jan 28th, 2019 at 1275.31
The intermediate term trend has been UP since Jan 14th, 2019 at 1220.65
The short term trend has been UP since Mar 22nd, 2019 at 1363.64
Smart Scan Analysis for OMXIPI
Based on a pre-defined weighted trend formula for chart analysis, OMXIPI scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1399.41||52wk High Date||2018-04-25|
|52wk Low||1154.13||52wk Low Date||2017-12-13|