Index Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
OMX Oslo 20 PI (NASDAQ:OMXO20PI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Dec 6th, 2018 at 570.64
The intermediate term trend has been UP since Aug 30th, 2019 at 564.95
The short term trend has been UP since Aug 29th, 2019 at 555.28
Smart Scan Analysis for OMXO20PI
Based on a pre-defined weighted trend formula for chart analysis, OMXO20PI scored +70 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|