Index Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
OMX OSLO 20 GI EXPIRATION INDEX (NASDAQ:OMXO20GIEXP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 OMXO20GIEXP
The long term trend has been UP since Sep 16th, 2019 at 852.16
The intermediate term trend has been DOWN since Nov 20th, 2019 at 851.50
The short term trend has been DOWN since Nov 13th, 2019 at 865.87
Smart Scan Analysis for OMXO20GIEXP
Based on a pre-defined weighted trend formula for chart analysis, OMXO20GIEXP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||909.19||52wk High Date||2018-09-26|
|52wk Low||727.29||52wk Low Date||2018-02-06|