Index Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
OMX Iceland Small Cap GI (NASDAQ:OMXISCGI)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 OMXISCGI
The long term trend has been DOWN since Nov 1st, 2018 at 302.68
The intermediate term trend has been DOWN since Feb 19th, 2019 at 286.60
The short term trend has been DOWN since Mar 20th, 2019 at 281.96
Smart Scan Analysis for OMXISCGI
Based on a pre-defined weighted trend formula for chart analysis, OMXISCGI scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||356.24||52wk High Date||2018-01-26|
|52wk Low||281.75||52wk Low Date||2018-11-29|