Index Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
OMX Stockholm Benchmark_GI Exp (NASDAQ:OMXSBGIEXP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 OMXSBGIEXP
The long term trend has been UP since Feb 5th, 2019 at 1009.43
The intermediate term trend has been UP since Oct 16th, 2019 at 1129.40
The short term trend has been DOWN since Nov 15th, 2019 at 1191.11
Smart Scan Analysis for OMXSBGIEXP
Based on a pre-defined weighted trend formula for chart analysis, OMXSBGIEXP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1088.61||52wk High Date||2018-08-29|
|52wk Low||918.24||52wk Low Date||2018-02-06|