Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
OMX Stockholm 30 Next_PI (NASDAQ:OMXS30NEXT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 OMXS30NEXT
The long term trend has been UP since Jul 8th, 2019 at 299.31
The intermediate term trend has been DOWN since Dec 2nd, 2019 at 304.06
The short term trend has been DOWN since Nov 29th, 2019 at 307.02
Smart Scan Analysis for OMXS30NEXT
Based on a pre-defined weighted trend formula for chart analysis, OMXS30NEXT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||299.38||52wk High Date||2018-08-29|
|52wk Low||245.39||52wk Low Date||2018-02-06|