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Index Trend Analysis Report

Prepared for you on Sunday, August 25, 2019.

OMX Stockholm Benchmark_PI (NASDAQ:OMXSBPI)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

Open High Low OMXSBPI Price Change
516.62 519.90 511.46 511.46 -4.52
Entry Signal

MarketClub’s Trade Triangles for OMXSBPI

long term down The long term trend has been DOWN since May 31st, 2019 at 504.16

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 531.95

short term down The short term trend has been DOWN since Aug 23rd, 2019 at 515.20

Smart Scan Analysis for OMXSBPI

Based on a pre-defined weighted trend formula for chart analysis, OMXSBPI scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for OMXSBPI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
516.62 519.90 511.46 511.46 -4.52
Prev. Close Volume Bid Ask Time
521.03 0 2019-08-23 11:34:00
52wk High552.7452wk High Date2018-08-29
52wk Low474.5852wk Low Date2018-11-20
Want to analyze OMX Stockholm Benchmark_PI OMXSBPI or another symbol? Try our Free Index Trend Analysis Report.