Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
OMX Oslo 20 PI (NASDAQ:OMXO20PI)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 OMXO20PI
The long term trend has been UP since Sep 16th, 2019 at 593.83
The intermediate term trend has been DOWN since Jan 16th, 2020 at 594.58
The short term trend has been UP since Jan 17th, 2020 at 601.65
Smart Scan Analysis for OMXO20PI
Based on a pre-defined weighted trend formula for chart analysis, OMXO20PI scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||655.44||52wk High Date||2018-09-26|
|52wk Low||539.87||52wk Low Date||2018-02-06|