Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
OMX Riga_GI (NASDAQ:OMXRGI)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 OMXRGI
The long term trend has been DOWN since Jul 9th, 2019 at 961.93
The intermediate term trend has been UP since Jul 29th, 2019 at 1044.14
The short term trend has been DOWN since Aug 14th, 2019 at 1031.22
Smart Scan Analysis for OMXRGI
Based on a pre-defined weighted trend formula for chart analysis, OMXRGI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1143.65||52wk High Date||2018-05-02|
|52wk Low||914.28||52wk Low Date||2018-10-12|