Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
OMX Stockholm 30 Free Float (NASDAQ:OMXS30FF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 OMXS30FF
The long term trend has been UP since Sep 13th, 2019 at 159.37
The intermediate term trend has been DOWN since Jan 27th, 2020 at 170.38
The short term trend has been DOWN since Jan 23rd, 2020 at 173.21
Smart Scan Analysis for OMXS30FF
Based on a pre-defined weighted trend formula for chart analysis, OMXS30FF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||161.73||52wk High Date||2018-08-29|
|52wk Low||138.55||52wk Low Date||2018-11-20|