Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
OMX Stockholm 60_PI (NASDAQ:OMXS60PI)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 OMXS60PI
The long term trend has been DOWN since May 31st, 2019 at 175.18
The intermediate term trend has been DOWN since Jul 18th, 2019 at 184.32
The short term trend has been DOWN since Aug 1st, 2019 at 184.73
Smart Scan Analysis for OMXS60PI
Based on a pre-defined weighted trend formula for chart analysis, OMXS60PI scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||193.42||52wk High Date||2018-08-29|
|52wk Low||165.59||52wk Low Date||2018-11-20|